Question
Suppose a salmon population grows by g(Q) = .002(1 / 400), where g is the growth rate of the salmon population, and Q is the
Suppose a salmon population grows by g(Q) = .002(1 / 400), where g is the growth rate of the salmon population, and Q is the current population. a. What is the carrying capacity for the salmon population? (how high must the population be for population growth to stop?) b. At what population will the growth rate reach its maximum? What will the growth rate be at this point? c. If the market interest rate is r = .08, then what is the dynamically efficient sustainable salmon population? d. Graph g(Q) with Q on the horizontal axis and g on the vertical. Indicate the maximum efficient sustainable population from part c and the carrying capacity from part a on your graph.
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