Sue Fishes for Cod at a Cost of $2 Per

question 293

Multiple Choice

Sue fishes for cod at a cost of $2 per ton, while Dave fishes at a cost of $4 per ton. Both have one 1,000-ton ITQ and the current market price is $5 per ton. If Dave offered to sell his ITQ to Sue for $2,000, he and Sue would

• A)make the sale because they're both better off.
• B)not make the sale, because Sue is better off and Dave is not.
• C)not make the sale, because Dave is better of and Sue is not.
• D)not make the sale, because neither is better off.

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Definitions:

Antibiotics

Medications used to treat or prevent bacterial infections by killing or inhibiting bacteria growth.

Fitness

A state of physical well-being and ability, often associated with the capability to perform aspects of sports, occupations, and daily activities.

Directional Shift

A significant change in policy, attitude, trend, or preference that moves in a new, often distinctly different, direction.

Cladogenesis

An evolutionary process leading to the branching off of a new species from a parent species, resulting in biological diversity.