Kara and Kyle Are Competing Sockeye Salmon Fishers

question 132

Multiple Choice

Kara and Kyle are competing sockeye salmon fishers. Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each. Kara's cost per ton is $6; Kyle's cost per ton is $10. If the market price of sockeye salmon is $14 per ton, what is the maximum amount Kara would be willing to pay per ton for Kyle's ITQs?

• A)$4.
• B)$6.
• C)$8.
• D)$14.

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Definitions:

Intelligence

refers to the ability to learn, understand, and apply knowledge to manipulate one's environment or to think abstractly as measured by objective criteria (tests).

Decentration

The cognitive ability to consider multiple aspects of a situation simultaneously, which is crucial in understanding complex scenarios and solving problems.

Sternberg's Inteligences

A theory proposing three types of intelligence: analytical, creative, and practical, as defined by psychologist Robert Sternberg.

Genetic Disorder

A disease or condition caused by an abnormality in an individual's DNA, which can be inherited from parents or result from a gene mutation.