Building the Fish Banks Model and Renewable Resource Depletion
Building the Fish Banks Model and Renewable Resource Depletion
Building the Fish Banks Model and Renewable Resource Depletion
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D-4543-2<br />
Run <strong>the</strong> model <strong>and</strong> sketch <strong>the</strong> computer simulated behavior on <strong>the</strong> previous axes using<br />
ei<strong>the</strong>r dashed lines or a different colored pen.<br />
Were your predictions correct? Explain why <strong>the</strong> simulation generated this behavior.<br />
Examine <strong>the</strong> graph showing <strong>the</strong> yearly profits of <strong>the</strong> fishermen. Does an extremely elastic price<br />
curve seem to be an acceptable solution?<br />
Change <strong>the</strong> price curve <strong>and</strong> re-simulate.
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