Business, 05.05.2020 23:43 ferny5133

Hester’s Hatchery raises fish. At the end of the current season she has 1,000 fish in the hatchery. She can harvest any number of fish that she wishes, selling them to restaurants for $5 a piece. Because big fish make little fish, for every fish that she leaves in the hatchery this year, she will have two fish at the end of next year. The price of fish is expected to be $5 each next year as well. Hester relies entirely on income from current fish sales to support herself. a. How many fish should Hester harvest if she wants to maximize the growth of her stock of fish from this season to next season?a) Instructions: Enter your response as a whole numberb). Do you think maximizing the growth of her fish stock is an economically sound strategy for Hester?YesNoc). How many fish should Hester harvest if she wants to maximize her current income? (Enter answer in whole numbers)Do you think this is a good strategy? yes/nod). Hester is unlikely to harvest either all or none of her fish, but instead will harvest some and leave the rest to reproduce. All of the following explain the logic behind Hester's thought process except:?a) if Hester harvests all of her fish this year, she has no income for next yearb) if Hester harvests none of her fish this year, she has no income this yearc) having a very low or zero income in either year is acceptable to Hester. d) Hester needs to allow for a reasonable level of current and future income

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Hester’s Hatchery raises fish. At the end of the current season she has 1,000 fish in the hatchery....