9. The efficient effort allocation and the maximum sustainable yield effort allocation EM forfisheries are equal when:a.The curve TC= 0 is a horizontal line coinciding over the horizontal axis and its slopeMC is zero.MB = MC > 0.TB = TC.b.C.10. In efficient ground water markets, the water total marginal cost (TMC) would rise untila. It becomes equal to the next least expensive alternative source of water.b. MUC is zero at the point of exhaustion.c. (a) or (b).11. A major restriction on water transfers is the 'preferential use' whicha. requires that the users use the water or lose it.b. requires that the water price be low.c. attempts to establish a value hierarchy of uses.

Efficient effort refers to the level of effort that maximizes the total economic benefits from an…

9. The efficient effort allocation and the maximum sustainable yield effort allocation EM for fisheries are equal when: a. The curve TC=0 is a horizontal line coinciding over the horizontal axis and its slope MC is zero. MB = MC > 0. TB = TC. b. C.

9. The efficient effort allocation and the maximum sustainable yield effort allocation EM for fisheries are equal when: a. The curve TC=0 is a horizontal line coinciding over the horizontal axis and its slope MC is zero. MB = MC > 0. TB = TC. b. C.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.11P

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Question

9. The efficient effort allocation and the maximum sustainable yield effort allocation EM for
fisheries are equal when:
a.
The curve TC= 0 is a horizontal line coinciding over the horizontal axis and its slope
MC is zero.
MB = MC > 0.
TB = TC.
b.
C.
10. In efficient ground water markets, the water total marginal cost (TMC) would rise until
a. It becomes equal to the next least expensive alternative source of water.
b. MUC is zero at the point of exhaustion.
c. (a) or (b).
11. A major restriction on water transfers is the 'preferential use' which
a. requires that the users use the water or lose it.
b. requires that the water price be low.
c. attempts to establish a value hierarchy of uses.

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