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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?
At the profit-maximizing cost-minimizing level of output, average total cost is $1.90 per hamburger and average variable cost is $1.75 per hamburger.
Which combination of fiscal policy actions would most contractionary for an economy experiencing severe demand-pull inflation.
find the marginal utility functions of the following utility functionsplot the marginal utility functions. indicate
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Submit a draft of the Macroeconomic Items section of the final project, along with your supporting explanations. Analyze the implications of interest rate changes on any of the calculations you performed. Be sure to substantiate your claims. Use any..
1. under what conditions does a nominal tariff applied to an import product overstate or understate the actual or
Production Possibility Frontier
If a corporate bond paid 9% interest, and you are in the 28% income tax bracket, what rate would you have to earn on a general obligation municipal bond of equivalent risk and maturity in order to be equally well off. Given that municipal bonds ar..
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