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This question plz dont copy the same answer from chegg plz give me a different o

ID: 1124613 • Letter: T

Question

This question plz dont copy the same answer from chegg plz give me a different one as the two answers i have got have answered a question that wasnt even asked with this one.

You are working for the US Fish & Wildlife Agency and tasked with deciding how many boat licenses will be given out in the industry this year. Effort (E) is measured by the number of boats. Each boat will cost a fisherman $30, so the Total Cost of boats will be $30*E for the industry. Adding boats to the industry will increase revenues at first, but will eventually bring revenues crashing down once too many boats are added. The Total Revenue function for boats is estimated to be $6000*E-10*E2. So, the additional (marginal) revenue from each boat is $6000-20*E (the
derivative of the Total Revenue function, which shows the slope of the Total Revenue function at every level of E). a. What is the efficient number of boats to be applied to this fishery? How much profit will the fishery produce? b. What number of boats will produce the maximum sustainable yield (MSY)? c. What number of boats will result from treating the fishery as an open access resource? How much profit will the fishery produce? d. What causes fishermen as a group to put forth too much effort when the resource is open access? Support your answer with a fully labelled diagram that shows the results from parts a-c.

Explanation / Answer

m1 = 2090

m2 = 1870

g = 9.81

let T be tension in cable

as m1>m2,

m1*g*sin(30) - T = m1*a

T - m2*g*sin(20) = m2*a

ading these equations and solving,

a = 1.004 m/s^2

a) F = m1*a

F = 2100 N

b) 200/d = sin(30)

v^2 = 2*a*d

v = 28.35 m/s

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