Kara and Kyle Are Competing Sockeye Salmon Fishers

question 46

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 $8; Kyle's cost per ton is $12. If the market price of sockeye salmon is $15 per ton, what is the maximum amount Kara would be willing to pay per ton for Kyle's ITQs?

• A) $3
• B) $7
• C) $8
• D) $15

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Definitions:

Diploid

A cell or organism that has two sets of chromosomes, one from each parent, typical of somatic cells.

Chromosome Type

Refers to the classification of chromosomes based on structure and function within a cell, important for genetic inheritance.

Replication Error

Mistakes that occur during DNA replication, potentially leading to mutations or genetic variations.

Mutation

A change in the DNA sequence that can lead to differences in physical appearance, function, or behavior.