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Kara and Kyle Are Competing Sockeye Salmon Fishers

question 191

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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 $8; Kyle's cost per ton is $12. Assume that the market price of sockeye salmon is $15 per ton. If Kara pays Kyle $5 per ton for his ITQs, and if she then catches her new limit of 4,000 tons, her profit would be

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Definitions:

Atomic Nucleus

The dense center of an atom, containing protons and neutrons, and holding the bulk of the atom's mass.

Beta Particle

A fast-moving electron or positron with high energy released during the radioactive decay of an atomic nucleus.

Atomic Nucleus

The small, dense region at the center of an atom, consisting of protons and neutrons and containing nearly all the atom's mass.

Beta Particle

A high-energy, high-speed electron or positron emitted by the radioactive decay of an atomic nucleus during beta decay.

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