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-The table above shows the marginal social benefit of fishing in the Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers; $300 per hour. The marginal social cost is twice the marginal private cost. If the government sets a production quota, to have the efficient quantity of fish caught, the quote should equal ________ tonnes of fish.
Variable Expenses
Expenses that change in proportion to the activity of a business.
Fixed Costs
Operating expenses that stay constant regardless of changes in the level of output or sales volume, like leases and salaries.
Asset Investment
The use of funds to purchase property, securities, or other assets to generate returns or achieve strategic goals.
Operating Assets
Assets used in the day-to-day operations of a business to generate revenue, excluding investment and idle assets.
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