Answered
Kara and Kyle are competing sockeye salmon fishers.Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each.Kara's cost per ton is $8;Kyle's cost per ton is $12. Refer to the information given.If the market price of sockeye salmon is $15 per ton,what is the maximum amount Kara would be willing to pay per ton for Kyle's ITQs?
A) $3.
B) $7.
C) $8.
D) $15.
On Jun 05, 2024