Register
The total dollar value of bison killed from Huntington Forest is f(b)=42b-1.1b^2, where b is the number of bison killed. The marginal cost of killing bison is 0. What is the optimal bison-killing tax (per
23.1k views
1 vote
The total dollar value of bison killed from Huntington Forest is f(b)=42b-1.1b^2, where b is the number of bison killed. The marginal cost of killing bison is 0. What is the optimal bison-killing tax (per bison) to avoid the tragedy of the commons in this forest?

User Maurits De Boer
by
5.1k points

1 Answer

3 votes

Answer: 20.99

Step-by-step explanation:

The optimal bison-killing tax is 20.99

Before the optimal bison-killing tax (per bison) is gotten, we had to calculate the optimum amount of killing first which is represented by b.

After b has been gotten, the value of b was 19.1 and this was slotted into the tax in order to get the value of t.

The analysis and explanation has been attached below

The total dollar value of bison killed from Huntington Forest is f(b)=42b-1.1b^2, where-example-1
User Arenaq
by
5.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.8m answers

Other Questions

Decker Tires' free cash flow was just FCF0 = $1.32. Analysts expect the company's free cash flow to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The WACC
For this question, assume that the expected rate of inflation is a function of the past year's inflation. Also, assume that the unemployment rate has been equal to the natural rate of unemployment for
Misk Co. purchased the following securities during 20X7 to be classified as held-to-maturity securities, trading securities, or available-for-sale securities: I. Debt securities bought and held for the
Risa has to work long hours and sometimes weekends, losing out on family time. Risa doesn't find her long hours overly stressful, but rather she sees it as her contribution to maintaining her family's
Which of the following should be considered last when searching for financing? Family members Banks Commercial finance companies Credit cards I'm guessing it's C but idk
Link Copied!