(Answered) Given that the fishing activity of a bay is described by

Management Studies

Given that the fishing activity of a bay is described by the following:

Boats Total Catch(lbs)

1 60

2 100

3 3130

4 150

5 160

6 150

If fish sell in a perfectly competitive market at $2.5 per pound and the total cost per boat is $90 calculate: (a) the number of boats that would not violate economic efficiency and (b) the actual number of boats under open access.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92532048
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Jason who is very knowledgeable regarding computers agrees

Jason, who is very knowledgeable regarding computers, agrees to purchase computers for Nick's business. Jason is retained for that purpose only, he is paid a set rate for the job, and Nick exercised no control over the m ...

Think about the most cohesive group that you have ever been

Think about the most cohesive group that you have ever been in. How does it compare to less cohesive groups in terms of similarity, stability, size, support, and satisfaction?

Provide an example of an organization that has achieved

Provide an example of an organization that has achieved competitive success through planning and provide an example of an organization that has failed to achieve competitive success as the result of failed planning.

Research on the web ideas for small businesses for students

Research on the web ideas for small businesses for students. Describe at least three different ideas and include what for of business ownership you would use to structure each business.

Using a random sample of n 50 the sample mean is 2976

Using a random sample of n = 50, the sample mean is 297.6. Suppose that the population standard deviation is σ=12. Is the above statistical evidence sufficient to make the following claim that µ>295:

What does research show regarding coaching relationships

What does research show regarding coaching relationships and what characteristics are associated with the best coaches?

Scheduling algorithms are again becoming more important as

Scheduling algorithms are again becoming more important as we look at operating system that run on mobile devices. Are their scheduling algorithms different from those found on traditional interactive system? Compare and ...

Assume that you are the owner and manager of a small

Assume that you are the owner and manager of a small business. Having a strategy for your business. Be sure to include each of the three primary strategic components.

What kind of society would probably encourage leaders to

What kind of society would probably encourage leaders to be autocratic? What kind of society would encourage them to be participative?

Make a function first-char that consumes a nonempty string

Make a function first-char that consumes a nonempty string and produces a string consisting of the first character in the original string. Do not use string-ref.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert