Question

In: Accounting

It is known that there are 10000 cods in Koorsala, and that the cod population there...

It is known that there are 10000 cods in Koorsala, and that the cod population there obeys the logistic model with harvesting. The per capita birth rate of these cods is 14% per year. The people of Koorsala has been catching 400 cods per year for a long time. One year, some advanced fishing equipment is introduced, which increases the harvesting rate to 550 cods per year. Assuming that the Koorsala people carry on with this increased harvesting rate, what will the size of the cod population be in the long run? Give your answer correct to the nearest integer.

Solutions

Expert Solution

After 22 years the growth percentage cod population will be stable at 14% as per the working given below:

Year Total Cod in crease with 14% Harvesting @ 550 growth per year % of growth
1 10000 11400 10850
2 10850 12369 11819 969 9%
3 11819 13474 12924 1105 9%
4 12924 14733 14183 1259 10%
5 14183 16169 15619 1436 10%
6 15619 17805 17255 1637 10%
7 17255 19671 19121 1866 11%
8 19121 21798 21248 2127 11%
9 21248 24223 23673 2425 11%
10 23673 26987 26437 2764 12%
11 26437 30138 29588 3151 12%
12 29588 33730 33180 3592 12%
13 33180 37825 37275 4095 12%
14 37275 42494 41944 4669 13%
15 41944 47816 47266 5322 13%
16 47266 53883 53333 6067 13%
17 53333 60800 60250 6917 13%
18 60250 68685 68135 7885 13%
19 68135 77674 77124 8989 13%
20 77124 87921 87371 10247 13%
21 87371 99603 99053 11682 13%
22 99053 112921 112371 13317 13%
23 112371 128102 127552 15182 14%
24 127552 145410 144860 17307 14%
25 144860 165140 164590 19730 14%
26 164590 187633 187083 22493 14%
27 187083 213274 212724 25642 14%
28 212724 242506 241956 29231 14%
29 241956 275830 275280 33324 14%
30 275280 313819 313269 37989 14%
31 313269 357126 356576 43308 14%
32 356576 406497 405947 49371 14%
33 405947 462780 462230 56283 14%
34 462230 526942 526392 64162 14%
35 526392 600087 599537 73145 14%
36 599537 683472 682922 83385 14%
37 682922 778531 777981 95059 14%
38 777981 886898 886348 108367 14%
39 886348 1010437 1009887 123539 14%
40 1009887 1151271 1150721 140834 14%
41 1150721 1311822 1311272 160551 14%
42 1311272 1494850 1494300 183028 14%
43 1494300 1703503 1702953 208652 14%
44 1702953 1941366 1940816 237863 14%
45 1940816 2212530 2211980 271164 14%
46 2211980 2521657 2521107 309127 14%
47 2521107 2874062 2873512 352405

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