Is the equilibrium an overfishing equilibrium

Reference no: EM131298356

a. With a quota of 40 tons a month for the tuna fishing industry, what is the equilibrium price of tuna and the quantity of tuna that fishers catch?

b. Is the equilibrium an overfishing equilibrium?

Reference no: EM131298356

Questions Cloud

Explain three business risks or threats : Explain three business risks or threats that might threaten Whole Foods ability to accomplish their financial goals for the next 3 years. Use examples and references to support your response.

Write algebraic expression that represents the area of flag : Write an algebraic expression that represents the area of the flag. They decided the area should be 260 square feet. What would the dimensions of the flag have to be? Use what you wrote in part a) to write an equation and solve it.

Is it generally easier for a service or a manufacturing firm : When a manufacturing firm considers the creation of a new facility to produce more of its product, it must forecast its demand.- Is it generally easier for a service or a manufacturing firm to forecast demand?

Fully discuss the pros and cons of situation : If a firm shows a relatively high (much higher than the industry average) inventory turnover ratio, what does this mean? Fully discuss the pro's and con's of this situation.

Is the equilibrium an overfishing equilibrium : With a quota of 40 tons a month for the tuna fishing industry, what is the equilibrium price of tuna and the quantity of tuna that fishers catch?

How much energy is released in an earthquake : How are earthquakes recorded? How are earthquakes measured? How is the magnitude of an earthquake determined? How much energy is released in an earthquake?

Designing training for an international : A human resources department needs to take into account a variety of practical matters when designing training for an international assignment. What should the department focus its training resources on when preparing employees for overseas assign..

Presented with an investment opportunity : You are presented with an investment opportunity to receive $2,000 at the end of year 1; $4,000 at the end of year 2; $3,500 at the end of year 3; and $4,000 at the end of year 4. SHOW all work using the TVM buttons on the TI BAII Plus Calculator. If..

Tax research memorandum with primary sources : Since deciding to turn pro, he has won money in tournaments each year. However his expenses have exceeded hi earnings by $5,000 to $10,000 per year - Tax research memorandum with a minimum of three primary sources

User Account

All Pages