One afternoon, after a couple of beers, Steven says that because Marvin has been a helpful neighbor, he can have a right-of-way
to drive across Steven’s land to get to a fishing pond. Two weeks later, while Marvin is driving across Steven’s land, he hears Steven yelling, “Get off my property, you trespasser!” Marvin has
In this example, Steven and Marvin had already reached an agreement that was benefitial to Marvin. He was going to be able to drive across Steven's land. However, Steven later changed his mind. The fact that Marvin has no enforceable contract means that he will not be able to prove that Steven had given him this privilege. In turn, this means that he will not be able to force Steven to give him access again.
Biological equilibrium, applied to an ecosystem, denotes the state in which the organisms. are in balance with the habitat-type and with each other. Natural Biological Equilibrium is the. state of equilibrium resulting from "natural" processes, i.e., entirely random processes, and is. Is found among Producers, consumers and decomposers.
The so-called bioeconomic equilibrium is reached when net profit is zero, i.e. when the return from fishing is the same as could be achieved from switching to some other form of economic activity.The existence of a bionomic equilibrium(means both biological and economic equilibrium) is discussed in detail and is then illustrated in both numerical and graphical ways. Actually the bionomic equilibria are the points of intersection of the zero profit line with the biological equilibrium line.
