=+where X2 is the number of boats fishing in Zone 2. The marginal fish catch MFC in

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=+where X2 is the number of boats fishing in Zone 2. The marginal fish catch MFC in each zone can be represented as MFC1 = 200 - 41X12 MFC2 = 100 - 21X22

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Oct 28, 2024 02:00 AM

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=+where X2 is the number of boats fishing in Zone 2. The marginal fish catch MFC in each zone can be represented as MFC1 = 200 - 41X12 MFC2 = 100 - 21X22
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=+where X1 is the number of boats fishing there. Zone 2 has fewer fish per mile but is larger, and diminishing returns are less of a problem. Its daily fish catch is F2 = 1001X22 - 1X222
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=+where X2 is the number of boats fishing in Zone 2. The marginal fish catch MFC in

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Microeconomics

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