Kara and Kyle are competing sockeye salmon fishers.Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each.Kara's cost per ton is $8;Kyle's cost per ton is $12. Refer to the information given and assume that the market price of sockeye salmon is $15 per ton.If Kara pays Kyle $5 per ton for his ITQs,and if she then catches her new limit of 4,000 tons,their combined profit would be:

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The Answer of Kara and Kyle are competing sockeye salmon fishers.Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each.Kara's cost per ton is $8;Kyle's cost per ton is $12. Refer to the information given and assume that the market price of sockeye salmon is $15 per ton.If Kara pays Kyle $5 per ton for his ITQs,and if she then catches her new limit of 4,000 tons,their combined profit would be:

Kara and Kyle Are Competing Sockeye Salmon Fishers