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Soloha48 [4]
3 years ago
5

A salmon farm has seen its sales decrease by an average of 4 percent per year from a high of 15 million pounds in 2007. During t

he same period, it has increased its prices by an average of 6 percent per year from $1.50 per pound in 2007.
a. Determine how many pounds of salmon the farm sold in 2009. Then calculate the difference between dollars earned from sales in 2009 and dollars earned from sales in 2007. Round your figures to the nearest cent.

b. Calculate the minimum number of pounds of salmon the farm would need to sell at 2007 prices to match its 2009 earnings. Round your answer to the nearest pound.

c. Explain how government subsidies could help the farm become more profitable.
Using salmon as an example, explain the difference between bioaccumulation and biomagnification. Explain how aquaculture can reduce the risks posed by these phenomena to people who eat fish.

d. Identify and describe one environmental advantage and one economic advantage, other than those discussed in Part (c), of farming salmon rather than catching them in the wild.
Advanced Placement (AP)
1 answer:
Romashka-Z-Leto [24]3 years ago
4 0

I believe c is the answer hope this helps sorry if wrong.

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<span>1.  </span><span>What economic question(s) does this case require the town to ask? (2 points)  </span>

<span>a.           </span>Should the dog park be built?

<span>b.           </span>Should the schools be expanded?

<span>c.           </span>Should the land be sold to the man who wants to build luxury homes?

 

<span>2.  </span>List the possible resources that the town would need to construct and maintain the park. (2 points)

<span>a.           </span>Fencing.

<span>b.           </span>Waste bag dispensers

<span>c.           </span>Playground-like area

 

<span>3.  </span>What town resource(s) are scarce? (1 points)

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<span>4.  </span>Who will be the consumers using this public good<span>? (2 points)  </span>

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<span>c.           </span>Unknown amount of unregistered dogs.

 

<span>5.  </span>What is the opportunity cost <span>of building this park? Explain. (5 points)  </span>

<span>6.  </span>Identify at least one pro and one con for each of the following options: (5 points)

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<span>b.  </span><span>selling the land to real estate developers to build homes  </span>

<span>7.  </span>What, if any, market failures might exist in this town? Explain. (3 points)

<span>a.           </span><span> What if the dog park is built, and is unused?</span>

<span>b.           </span><span>What if the land is sold to build luxury homes, and they are too    expensive to be bought/rented?</span>

<span>c.           </span>What if the school is expanded, and isn’t filled?

<span>d.           </span> 

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