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zalisa [80]
3 years ago
8

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. Boats from as far away as California and Japan

braved the treacherous Gulf of Alaska crossing to reach the abundant king crab beds in Cook Inlet and Bristol Bay. Suddenly, in the early 1980s, the fishery crashed due to over fishing. All crabbing in those areas ended. To this day, there is no crabbing in Bristol Bay or Cook Inlet. a. How would an economist explain the decline of the Alaska king crab fishery? b. Explain two programs you could institute to protect the fishery and still allow some crabbing again. c. Canadians have been very successful in farming salmon in coastal fiords along the coast of British Columbia. Why have they been successful with salmon when the crab fishery crashed?
Business
1 answer:
Readme [11.4K]3 years ago
7 0

Answer and Explanation:

a. The crabs are a Common Good. They means can run out of supply if their use gets too much by society. Therefore, the decline of the Alaska king crab fishery can be explained by stating that the plenty types of boats such as those from California and Japan, has caused people to overfish, excessive fishing has brought about a decline in the supply of crabs.

b. There are 2 ways to avoid this

1. fishing permits have to be sold to the fishermen coming to fish for the crabs. Then the persons with the highest willingness to pay will come and buy the permits to fish.

2. Issuing just a particular amount of permits this would cause the fishermen to trade these permits. These open-market strategies have proved to be effective in organizing economic activity and are good stimulators in an economy.

c. They have been successful because regulations have been placed on fishing by the government. Also, if there are restrictions on other countries using up their spots and Canadians are the only ones fishing salmon, then there will be reduction in the decay rate of the population of the salmon, the salmon can easily repopulate, then Canadians would be able to come back the next year to fish again..

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​in simone's selling a 300-acre farm to rural investments, inc., she tells the buyer that the land "will be worth twice as much
Alekssandra [29.7K]
If Simone tells Rural Investments Inc. that the land she is trying to sell them will be worth twice a much next year she is giving an estimate or an opinion of that. There is not factual evidence presented to state that the 300-acre farm is going to be worth more in upcoming years. The farm can also depreciate and lose value, so there is no way to truly know until it comes time to sell the land. 
6 0
3 years ago
The purposeful use of symbols to allow multiple interpretations of messages is called:____.
elena55 [62]

Answer:

a. strategic ambiguity.

Explanation:

The use of strategic ambiguity permits the views for diversify or interpretations also at the same time it promotes inclusiveness and unity

The mission and vision sttaement should be confused and normal in nature in order to provide the accomodation

So the use of symbols for permitting out the multiple interpretations of messages is known as the strategic ambiguity

Therefore the option a is correct

6 0
3 years ago
What is the interest rate for initial investment of $100,000 to grow $300,000 in 10 years
dybincka [34]

Answer:

r=20% or 0.2 %

Calculation:

Solving equation:

r = (1/10)((300000/100000) - 1) = 0.2

r = 0.2

Converting r decimal to R a percentage

R = 0.2 * 100 = 20%/year

The interest rate required to get a total amount, principal plus interest, of $300,000.00 from simple interest on a principal of $100,000.00 over 10 years is 20% per year.

6 0
3 years ago
Read 2 more answers
What describes the <br> overall aims of a buiness organization?
ElenaW [278]

Answer:

The answer is Mission statement.

Explanation:

A mission statement of an organization describes the overall aims of a business organization. Every company has its two statements, one is the mission statement and other is the vision statement. Vision statement describes the vision of the company, where as mission statement describes the overall goals of the organization. It gives information about the type of product it provides, its target market, its potential customers, the region where it is operated, etc. So the mission statement is the one which describes the overall aims of a business organization.

6 0
3 years ago
K Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 17,000 $ 12,000 Fin
MAVERICK [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Inventories:

Beginning  Work in process $ 17,000

Ending WIP= $ 12,000

Beginning Finished goods $ 46,000

Ending Finished goods $ 50,000

Additional information:

Direct materials $ 57,000

Direct labor cost $ 87,000

Manufacturing overhead cost incurred $ 63,000

Manufacturing overhead cost applied $ 61,000

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 17000 + 57000 + 87000 + 61000 - 12000= 210,000

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 46000 + 210000 - 50000 = 206,000

Adjusted COGS= COGS + under-allocated overhead= 206000 + 2000= 208,000

7 0
3 years ago
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