At the new fishing quota, what is the quota rent per pound of Bluefin tuna? Suppose the average fisherman can catch 200,000 pounds of Bluefin tuna every year (100 tons). What is the value of a Bluefin tuna fishing license? %24 %24

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Please help me answer the following question in the attachment. Thank you.

At the new fishing quota, what is the quota rent per pound of
Bluefin tuna?
Suppose the average fisherman can catch 200,000 pounds of
Bluefin tuna every year (100 tons). What is the value of a
Bluefin tuna fishing license?
%24
%24
Transcribed Image Text:At the new fishing quota, what is the quota rent per pound of Bluefin tuna? Suppose the average fisherman can catch 200,000 pounds of Bluefin tuna every year (100 tons). What is the value of a Bluefin tuna fishing license? %24 %24
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