The Maximum Sustainable Yield of a Fishery Occurs at a Population

question 45

Multiple Choice

The maximum sustainable yield of a fishery occurs at a population level that is

• A)at the carrying capacity.
• B)just below the carrying capacity.
• C)about half of the carrying capacity.
• D)about a quarter of the carrying capacity.

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Definitions:

Input Prices

The costs associated with the factors of production used in the creation of goods or services, such as raw materials and labor.

Marginal Product

The additional output produced when one additional unit of a resource is employed.

Minimizing Costs

Minimizing costs involves finding the most efficient way to operate that lowers expenses without sacrificing the quality or quantity of output.

Rental Rate

The price paid for the temporary use of a good, service, or property, typically expressed as a fee per time period.