=+There are 100 boats now licensed by the U.S. government to fish in these two zones. The

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=+There are 100 boats now licensed by the U.S. government to fish in these two zones. The fish are sold at

$100 per ton. Total cost (capital and operating) per boat is constant at $1000 per day. Answer the following questions about this situation:

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 26, 2024 01:00 AM

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=+There are 100 boats now licensed by the U.S. government to fish in these two zones. The fish are sold at $100 per ton. Total cost (capital and operating) per boat is constant at $1000 per day....
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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 - 4(X1) MFC2 = 100 - 2(X2)
=+a. If the boats are allowed to fish where they want, with no government restriction, how many will fish in each zone? What will be the gross value of the catch?
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=+There are 100 boats now licensed by the U.S. government to fish in these two zones. The

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Microeconomics

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