Dagger and Jackson Offer Different Types of Kayak Tours, Competing

question 72

Essay

Dagger and Jackson offer different types of kayak tours, competing on price. Dagger faces q_D = 1,000 - 20p_D + 5p_J and constant marginal costs of $30. Jackson faces q_J = 1,000 - 20p_J + 5p_D and constant marginal costs of $45. If Jackson charges $50 per kayak tour, then Dagger should charge _____ per kayak tour.

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Definitions:

Energy Flow

The transfer and transformation of energy through an ecosystem, from primary producers to various levels of consumers and decomposers.

Net Primary Productivity

The rate at which plants and other photosynthetic organisms produce organic compounds in an ecosystem minus the rate at which they use some of these compounds for cellular respiration.

Biomass

Organic material derived from living or recently living organisms, used as a source of energy or in various industrial processes.

Food Web

A network of interlinked food chains in an ecosystem, showing how each organism is food for the next level.