Gce Model Questions Vol1 2017 Agricultural Science Question 38
Practice objective / multiple choice question 38 from the 2017 Gce Model Questions Vol1 Agricultural Science examination.
A fishery uses the Schaefer surplus‑production model. The intrinsic growth rate is \(r=0.8\) yr⁻¹, the carrying capacity \(K=100\,000\) t and the catchability coefficient \(q=2\times10^{-5}\) t ( effort unit)⁻¹. The market price of fish is ₦500 t⁻¹ and the cost of effort is ₦200 per effort unit. What effort level (in effort units) maximises the fishery's profit?
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About This Question
This is Gce Model Questions Vol1 2017 Agricultural Science Question 38. It is one of the objective questions from the 2017 Gce Model Questions Vol1 Agricultural Science examination.
Difficulty level: Hard .
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