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11 of 19 The table contains the supply and demand schedule for Bluefin tuna. Suppose all countries agree to limit tuna fishing to a total

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11 of 19 The table contains the supply and demand schedule for Bluefin tuna. Suppose all countries agree to limit tuna fishing to a total of 15,000 tons per year through a strictly enforced licensing program for fishermen. Price per Pound Quantity Demanded (tons) Quantity uppliedons) $11.80 12,000 27,000 $11.35 15,000 24,000 $10.90 18,000 21,000 $10.45 21,000 18,000 10.00 24,000 15,000 $9.55 27,000 12,000 At the new fishing quota, what is the quota rent per pound of Bluefin tuna? Suppose the average fisherman can catch 200,000 pounds of Bluefin tuna every year (100 tons). What is the value of a Bluefin tuna fishing license

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