Answer
a) As $X$ falls, $N$ increases since there is a finite number of fish in the lakes. The same description would not apply to the fish from the farms. The fish from the lakes are a common resource.
b) 4 million people would fish on the lakes, and 1 million people would work on fish farms. 10 million total fish are produced.
c) 3 million people would work at the fish farm, and 2 million people would fish on the lakes. 14 million total fish are produced.
d) $T=.2$ fish
e) The lake fishers would lose with the imposition of the fishing tax, and the workers at the fish farm would gain from the tax.
Work Step by Step
b)
$X=6-N$
2 fish are farmed daily from the farm, so $x=2$
$2=6-N$
$2+N=6$
$N=4$
Since all people bring two fish, the total number of fish is
$2*5$ million = 10 million fish
c) Please see the table.
d) 14 million fish are produced, and everyone is to have the same number of fish. 14 million/5 million = 2.8 fish per person
When 2 million people fish on the lakes, each person catches 3 fish.
$3-2.8=.2$
e)
