E.
If two fisheries are both fishing for grouper in the Gulf of Mexico, equidistant from the
...
Advanced Placement (AP), 01.10.2021 22:40 zmoore8015
E.
If two fisheries are both fishing for grouper in the Gulf of Mexico, equidistant from the
fishing grounds, but have different boats (details below), who will keep their individual
transferable quota and who will sell theirs?
i. John's Pass Fishery
1. Gas engine costs $50/hr
2. Insurance costs $7/hr
3. Crew costs $300/hr
ii. Mr. P's Fishery
1. Electric Engine costs $20/hr
2. Insurance costs $20/hr due to a whale breaking his boat
3. Crew costs $100/hr
Answers: 3
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