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Joe Bauers, the president of a dystopian society, is considering supplementing the diet of his society with fish. He faces the following revenue and cost
Joe Bauers, the president of a dystopian society, is considering supplementing the diet of his society with fish. He faces the following revenue and cost functions below where x is the number of boats deployed in the fishery Also consider that the fish themselves grow according to the graph provided within a month: 100x 5x2 TR Total Fish TC 50x y=-x220x 120 100 80 60 0 0 2 4 6 8 10 12 14 16 18 Fish Stock (3 points) Since society has forgotten that fish are a part of a nutritional diet, the fishery is at it's carrying capacity. What is the carrying capacity of the fishery according to the graph above? What is the maximum amount of fish that Joe can take in each month that would be considered "sustainable" (i.e will not decrease the fish stock)? Suppose that Joe teaches a few people to fish with fishing poles and they extract 150 fish per month. What will happen to the fish stock overtime at this rate of harvest? 1 Growth Rate of Fish (fish per month) 20 Joe Bauers, the president of a dystopian society, is considering supplementing the diet of his society with fish. He faces the following revenue and cost functions below where x is the number of boats deployed in the fishery Also consider that the fish themselves grow according to the graph provided within a month: 100x 5x2 TR Total Fish TC 50x y=-x220x 120 100 80 60 0 0 2 4 6 8 10 12 14 16 18 Fish Stock (3 points) Since society has forgotten that fish are a part of a nutritional diet, the fishery is at it's carrying capacity. What is the carrying capacity of the fishery according to the graph above? What is the maximum amount of fish that Joe can take in each month that would be considered "sustainable" (i.e will not decrease the fish stock)? Suppose that Joe teaches a few people to fish with fishing poles and they extract 150 fish per month. What will happen to the fish stock overtime at this rate of harvest? 1 Growth Rate of Fish (fish per month) 20
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