1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
goldfiish [28.3K]
2 years ago
14

Suppose the Alaskan king crab harvest is unregulated and any person with a crab boat and some diesel fuel can go offshore, lower

a crab pot, and harvest king crab. As a result, this common resource is overused. Which policy choice might produce the socially optimal king crab harvest
Business
1 answer:
rosijanka [135]2 years ago
4 0

Answer: A. Alaska auctions a limited number of licenses to harvest king crab.

Explanation:

The options include:

A. Alaska auctions a limited number of licenses to harvest king crab.

B. The U.S. and Canadian governments remove trade barriers, which allows for more trade of products like king crab.

C. Alaska removes taxes on diesel fuel, which lowers the price of diesel.

D. Alaska subsidizes the purchase of crab boats.

The socially optimal level of output will be achieved when there's allocative efficiency. It is the level whereby market failure is curtailed.

The policy choice that might produce the socially optimal king crab harvest is for Alaska to auction a limited number of licenses to harvest king crab.

This will help in the reduction at which the resource is overused as there'll be regulation and reduction in the number of person that can harvest king crab.

You might be interested in
Which of the following is true?a. Currently, the food and fiber sector accounts for about 12% to 15% of gross domestic product (
svetlana [45]

Answer:

b. Off-farm income is important to agricultural producers today.

c. Twenty percent of farmers produce 80% of the agricultural output in the food and fiber industry.

Explanation:

The food and fiber industry is divided into 4 main sectors:

  1. suppliers of farm inputs (including services and materials)
  2. farmers themselves (producers)
  3. processing and manufacturing of farm and fiber products
  4. marketing and distribution (wholesalers and retailers)

In the US, the food and fiber industry represents approximately 5.4% of GDP. It employs roughly around 21 million workers (including direct and indirect employment). The food and fiber industry is a net exporter, since it exports more than it imports. Currently, most farming value is concentrated on large farms, where smaller farms generally produce more livestock output while larger farms produce crops.

After WW2, there has been a tendency to substitute labor for capital, and to have more larger farms and less smaller ones.

4 0
3 years ago
Pepsi-cola made "freshness" an important product attribute when it stamped freshness dates on its cans. prior to doing so, few c
Olegator [25]

This is actually a method used in attitude change. The answer to this is:

“changing the perceived importance of a specific attribute”

 

<span>By making “freshness” an important product attribute, what Pepsi cola inflicts to the customers is a mindset of giving importance to this attribute since it was being neglected in the past.</span>

8 0
3 years ago
Trickle Corporation's 12 percent coupon rate, semiannual payment, $1,000 par value bonds mature in 25 years. The bonds currently
kap26 [50]

Answer:

The correct answer is 9.56%

Explanation:

Before tax cost of Debt = rate(nper,pmt,pv,fv) * 2

nper = 25*2 = 50

pmt = 1000*12%*1/2 = 60

pv = 1230.51

fv = 1000

Before tax cost of Debt = rate(50,60,-1230.51,1000)*2

Before tax cost of Debt = 9.56%

7 0
3 years ago
The accompanying payoff matrix depicts the possible outcomes for two players involved in a game of Rock, Paper, Scissors. If a p
shtirl [24]

Answer:

Ernesto's payoff will be zero and Timothy's payoff will also be zero.

Explanation:

Ernesto and Timothy are involved in a game of rock, paper, scissors.

If a player wins his payoff is 1. If a player loses his payoff is -1.

If both players tie their payoff is 0.

Here, both Timothy and Ernesto chose paper. So, there will be a tie between them.

Thus, both of them will have zero as a payoff.

8 0
3 years ago
Which is NOT a successful strategy to deal with debt?
chubhunter [2.5K]

Answer:

the answer is B

Explanation:

paying your dept with your credit card well just make more dept.

6 0
3 years ago
Other questions:
  • Which of te following correctly pairs a financing option with its description
    13·1 answer
  • Ruby, age 50, is considering going back to school. She would like to retire at age 67. She currently earns $50,000 per year. If
    9·1 answer
  • The knowledge and skills acquired by a worker through education and experience is a description of which factor of production? p
    8·1 answer
  • Arron, the CEO of a multinational corporation, believes that effective control in an organization comes from each employee's int
    6·1 answer
  • Suppose that 6-month, 12-month, 18-month, 24-month, and 30-month zero rates are 3%, 3.2%, 3.4%, 3.5%, and 3.6% per annum with co
    8·1 answer
  • Net present value LO P3 Beyer Company is considering the purchase of an asset for $250,000. It is expected to produce the follow
    14·2 answers
  • Solve for the missing amounts in the T-account given below. Assume that there is only one debit entry and one credit entry in th
    9·1 answer
  • How much money should a couple who makes $54,000 a year have in their beginner emergency fund if they have a $3,000 credit card
    10·1 answer
  • Mullee Corporation produces a single product and has the following cost structure: Number of units produced each year 7,000 Vari
    12·1 answer
  • In an electric motor, a commutator
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!