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Ecologists believe their capture and tag estimation of fish population is low. They tell you that you should take a number of trips now to
Ecologists believe their capture and tag estimation of fish population is low. They tell you that you should take a number of trips "now" to investigate whether there are fish hiding somewhere. They estimate that 5% of trips they take typically leads to the discovery of an extra 100,000 fish. You look at a map and estimate that the average trip costs you $10,000 pertrip (this covers all your wages and other expenses). Use the shadow cost "now" to estimate the optimal number of trips.
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