Consider a fish stock, x, with a logistic growth given by f(x)=rx(1x/k) where r is the intrinsic growth rate and k is the carrying capacity of the fish stock. A fishing fleet harvests the fish stock with a harvest function h= ex where e is the fishing effort. The profits from harvesting the fish are given by = ph-ce were p is the price of fish, ph are the revenues and c is the unit cost of effort. Further, the marginal steady-state profit (the derivative of the steady-state profit with respect to e ) is M=pk (12e/r)-c. For a price of 10 , a per unit effort cost of 25 , and a carrying capacity of 100 what is the optimal (socially efficient) steady-state resource stock? Please round to two decimal places. Question 8 1 pts A fish stock, x, grows with x=rx(1x/k) where r is the intrinsic growth rate and k is the carrying capacity of the fish stock. A fishing fleet harvests the fish stock with a harvest function h= ex where e is the fishing effort. The profits from harvesting the fish are given by = ph-ce were p is the price of fish, ph are the revenues and c is the cost per unit of effort. Further, the marginal steady-state profit (the derivative of the steady-state profit with respect to e) is M=pk(12e/r) - c. For a price of 10, a per unit effort cost of 25 , and a carrying capacity of 100 what is the Pigouvian tax on effort? Please round to two decimal places