The biological relationship between the growth for the fish population and the size of the fish...
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The biological relationship between the growth for the fish population and the size of the fish population is 9=125(1-5/4) where g is the growth of the fish population and S is the size of the population. The size of the harvest is a function of the amount of human effort expended b=3ES where E is the level of effort. Market price of fish per unit is $100 and a constant marginal cost of effort is $40. We can derive the free-access equilibrium offort level Ef by setting the net benefits function equal to zero. Then. Er [a] Hint: Write the number in one decimal place. Specified Answer for: a 4.8 The biological relationship between the growth for the fish population and the size of the fish population is 9=125(1-5/4) where g is the growth of the fish population and S is the size of the population. The size of the harvest is a function of the amount of human effort expended b=3ES where E is the level of effort. Market price of fish per unit is $100 and a constant marginal cost of effort is $40. We can derive the free-access equilibrium offort level Ef by setting the net benefits function equal to zero. Then. Er [a] Hint: Write the number in one decimal place. Specified Answer for: a 4.8
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