Elucidate how he should use information on the marginal

Reference no: EM1326186

Marginal catch

In a particular region, there are two lakes rich in fish. The quantity of fish caught in each lake depends on the number of persons who fish in each according to Q1= 10N1-.1N1^2 and Q2=16N2-.4N2^2 where N1 and N2 denote the number of fishers at each lake. In all, there are 40 fishers.

Suppose N1=16 and N2=24. At which lake is the average catch per fisher great? In the light of this fact, how would you expect the fisher to re-deploy themselves?

How many fishers will settle at each lake? (HInt Find N1 and N2 such that the average catch is equal between the lakes?)

The commisinor of fisheries seek a division of fishers that will maximize tha total catch at two lakes. Explain how he should use information on the marginal catch at each lake to accomplish this goal. What division on the 40 fishers would you recommend?

Reference no: EM1326186

Questions Cloud

Leadership linked to organisational leadership : And how is leadership linked to organisational leadership? Can we measure leadership and if so how do we do it?

Show the computer security checklist : Computer security checklist - Three major categories: preventive, detective, and corrective controls.

Assume that the cross section of each strand is a circle : A regional telephone company has 10 million subscribers. Each of their telephones is connected to a central office by a copper twisted pair. The average length of these twisted pairs is 10 km. How much is copper in the local loops worth.

Explain barcode scanning benefits : Explain Barcode Scanning Benefits and tracks inventory and provides data to the purchasing department information for future inventory purchases

Elucidate how he should use information on the marginal : Elucidate how he should use information on the marginal catch at each lake to accomplish this goal. Illustrate what division on the 40 fishers would you recommend.

Arrange a one- or two-page document : Securing an Organization - Assignment: Arrange a one- or two-page document describing the key elements that FOSFCU wil need to consider in its business continuity planning.

Explain the grocery retailier and ucc contracts/supplier con : Supplier, Inc., a large wholesaler, had a contract with Grocery. Supplier sued Grocery for breach of contract when Grocery failed to place an order for goods by a specific date as specified in the contract.

Ethical and socially responsibility of professors : Is it ethical and socially responsible for professors to drop standards and for colleges to award degrees for doing less work today than 5, 10, 15, or 20 years ago?

Explain organizational structure of amazon contrast : Explain Organizational Structure of Amazon contrast to two other structures and Describe the organizational structure Of Amazon

User Account

All Pages