Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

It is estimated that the growth rate of the fin whale population ( per year ) is r x ( 1 - x K )

It is estimated that the growth rate of the fin whale population (per year)
is rx(1-xK), where r=0.08 is the intrinsic growth rate, K=400,000 is
the maximum sustainable population, and x is the current population, now
around 70,000. It is further estimated that the number of whales harvested
per year is about 0.00001Ex, where E is the level of fishing effort in boat-
days. Given a fixed level of effort, population will eventually stabilize at the
level where growth rate equals harvest rate.
(a) What level of effort will maximize the sustained harvest rate? Model as
a one-variable optimization problem using the five-step method.
(b) Examine the sensitivity to the intrinsic growth rate. Consider both the
optimum level of effort and the resulting population level.
(c) Examine the sensitivity to the maximum sustainable population. Con-
sider both the optimum level of effort and the resulting population level.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Records And Database Management

Authors: Jeffrey R Stewart Ed D, Judith S Greene, Judith A Hickey

4th Edition

0070614741, 9780070614741

More Books

Students also viewed these Databases questions

Question

How does branding benefit consumers and marketers?

Answered: 1 week ago

Question

Plants alway do their own maintenance planning in EAM. True False

Answered: 1 week ago

Question

1. Signs and symbols of the map Briefly by box ?

Answered: 1 week ago

Question

Types of physical Maps?

Answered: 1 week ago

Question

Explain Intermediate term financing in detail.

Answered: 1 week ago

Question

How do Dimensional Database Models differ from Relational Models?

Answered: 1 week ago

Question

What type of processing do Relational Databases support?

Answered: 1 week ago

Question

Describe several aggregation operators.

Answered: 1 week ago