Kara and Kyle Are Competing Sockeye Salmon Fishers

question 330

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 $7; Kyle's cost per ton is $11. Assume that the market price of sockeye salmon is $16 per ton. If Kara pays Kyle $6 per ton for his ITQs, and if she then catches her new limit of 4,000 tons, her profit would be

• A)$18,000.
• B)$14,000.
• C)$24,000.
• D)$38,000.

---

Definitions:

Office Theme

A set of formatting choices including colors, fonts, and effects designed to provide a consistent look across all the documents and presentations created in Microsoft Office products.

Format Column

The action or method of adjusting the appearance of columns in a spreadsheet or table, including width, color, text style, and alignment.

Arithmetic Operator

Symbols used in mathematics and programming to denote operations like addition, subtraction, multiplication, and division.

Range Finder

A device or tool used to measure the distance from the observer to a target, commonly used in photography, golf, and surveying.