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ECON 340

Tutorial 6

Part A

Calculate the maximum sustainable yield

Key Equations

Growth Function

Harvest Function

Part B

Calculate the corresponding effort level

Key Equations

Growth Function

Harvest Function

Part C

Calculate efficient sustainable yield and effort levels

Key Equations

Growth Function

Harvest Function

Part D

Under what conditions are the maximum and efficient effort levels equal?

Key Equations

Growth Function

Harvest Function

Part E

Key Equations

Growth Function

Efficient Harvest Function

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