Kara and Kyle Are Competing Sockeye Salmon Fishers

question 149

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. If the market price of sockeye salmon is $16 per ton, what is the minimum amount per ton that Kara would have to offer Kyle to convince him to sell Kara his ITQs?

• A)$6.
• B)$4.
• C)$5.
• D)$9.

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Definitions:

Adults

Individuals who have reached a stage of physiological and psychological maturity, typically marked by the completion of physical growth.

Restorative Theory

A theory suggesting that sleep serves to repair and rejuvenate the body and mind, restoring physical and mental health.

Circadian

Relating to biological processes that display an endogenous, entrainable oscillation of about 24 hours.

Microsleep

A brief episode of sleep which may last for a second or two to a half-minute, occurring when someone is apparently awake and often goes unnoticed by the person experiencing it.