Focus on harvesting the lion fish for human consumption

Assignment Help Business Economics

Reference no: EM13886832

Lionfish is an aquatic invasive species in the southeastern U.S. and the Caribbean. Current removal policies focus on harvesting the lion fish for human consumption. However, a fishing license is required to fish in most southern states. Assume the supply of fishing licenses is Qs = 50 + 0.05L + 40P, where L = lionfish population and P = price of a fishing license, and the demand for fishing licenses is Qd = 1400 – 60P. What is the equilibrium price and quantity of fishing licenses when L = 1,000?

Reference no: EM13886832

Questions Cloud

Briefly summarize the major judgment areas for the companies : What are the significant judgment areas that affect the current year financial statements? Briefly summarize the major judgment areas for these companies, and comment on any differences that you observe.

Negative attitude about the products country of origin : The country of origin can influence a consumer’s perception of the quality of the product. What can a company do to overcome a negative attitude about the product’s country of origin?

Estimate the maximum speed that would result : Water exits a 1-cm-diameter outlet of a faucet. Estimate the maximum speed that would result in a laminar ?ow if the water temperature is (a) 20-C, (b) 50-C, and (c) 100-C. Assume Re ¼ 2000.

Formulas for marginal benefit and marginal cost : Suppose that you can schedule a worker for up to 10 hours per day. The total benefit and total cost functions are B(H) = 1200 × √H and C(H) = 200H. The corresponding formulas for marginal benefit and marginal cost are MB(H) = 600/√H and MC(H) = 200. ..

Focus on harvesting the lion fish for human consumption : Lionfish is an aquatic invasive species in the southeastern U.S. and the Caribbean. Current removal policies focus on harvesting the lion fish for human consumption. However, a fishing license is required to fish in most southern states

Summary of what the financial crisis was in the united state : You need to provide a summary of what the "Financial Crisis" was in the United States. Compare the two films and discuss which one portrays a more accurate representation of the real events

Determine the magnitudes of the acceleration : The velocity ?eld in a ?uid ?ow is given by V ¼ 2yi þ xj þ tk: Determine the magnitudes of the acceleration, the angular velocity, and the vorticity at the point (2, 1, 21) at t ¼ 4 s.

Truck repair was evaluated for replacement : After 8 years of use, the heavy truck engine overhaul equipment at Pete’s Truck Repair was evaluated for replacement. Pete’s accountant used an after-tax MARR of 8% per year, tk = 30%, and a current market value of $25,000 to determine AW = $2100. Th..

What is the average estimated sales growth for the year : What is the average estimated sales growth for the year? What is the EPS estimate? What is the EPS actual? How many analysts are following the company?

User Account

All Pages