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Assume the relationship between the growth of a fish population and the population size can be expressed as g = 4P-0.1P^2, where g is the growth in tons of fish and P is the size of the fish population (in thousands of tons). Given a price of $100 per ton, the marginal benefit of smaller population sizes is MB = 20P-400.
a.) Compute the population size that is compatible with the maximum sustainable yield. What would be the size of the annual catch if the population were to be sustained at this level?
b.) If the marginal cost of additional catches (in terms of population size) isMC = 2(160-P), what is the population size that is compatible with the efficient sustainable yield?
Why do people hold bonds rather than larger savings account or checking account balances Under what circumstances might they change their portfolios, moving their funds out of bonds and into bank accounts
Describe one major structure from above that is the most fascinating and explain why. In your explanation makes sure to describe the structure and explain why the Romans built it or anything else that is descriptive about the structure.
Production procedures elucidate the law of increasing opportunity costs.
We now incur shocks as provided in red font. Solve for a new expression of the consumption function and aggregate expenditure curve, solve for the new equilibrium output and add this new equilibrium point to both of your diagrams (label as point B..
A sample of 500 business professionals found that 30% chose an airline based on price. a) If the population proportion of all business professionals who select an airline based on price is 0.27, then what is the probability that we would find a s..
A manager at the plant observes, "Although the last 3,000 cell phones we produced and sold increased our revenue by $6,000 and our costs by $6,700, we are still making an overall profit of $5,000 per week so I think we're on the right track. We ar..
Now assume the government increases spending, reducing the country's savings rate based upon this change. What is the effect on the government spending on the economy.
Students will then apply the elasticity concept to determine how the price elasticity of demand for the firm's goods or services would be categorized, and they will examine what that suggests for the firm's ability to increase or decrease prices.
Assume a continuous-time solow growth model with no technical progress. The economy is closed and there is no government sector. Labor supply is given by L_t = e^nt, n>0. The average propensity to save out of GDP is s,, with 0
The Happyland Hospital is a monopsonist employer of nurses in the small city of Happyland. The supply function of nurses is S(W) = 0.1W- 100, whereWis the nurses' weekly wage. What is the hospital's marginal expenditure, ME?
The industry will also incur expenses in the amount of $150,000. Explain how many shares must the industry sell to net $20 million after underwriting and flotation expenses.
cypress river landscape supply is a large wholesale supplier of landscaping materials in georgia. cypress rivers sales
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