In population ecology and economics, optimum sustainable yield is the level of effort that maximizes the difference between total revenue and total cost. Or, where marginal revenue equals marginal cost. This level of effort maximizes the economic profit, or rent, of the resource being utilized.
In population ecology and economics, optimum sustainable yield is the level of effort that maximizes the difference between total revenue and total cost. Or, where marginal revenue equals marginal cost. This level of effort maximizes the economic profit, or rent, of the resource being utilized.
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Optimum sustainable yield
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In population ecology and economics, optimum sustainable yield is the level of effort that maximizes the difference between total revenue and total cost. Or, where marginal revenue equals marginal cost. This level of effort maximizes the economic profit, or rent, of the resource being utilized.
Explanation:
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Answer:
In population ecology and economics, optimum sustainable yield is the level of effort that maximizes the difference between total revenue and total cost. Or, where marginal revenue equals marginal cost. This level of effort maximizes the economic profit, or rent, of the resource being utilized.
Explanation:
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