Given the Gompertz growth function , and the Shaefer (Catch per Unit Effort) production function a) Derive the biomass at steady state equilibrium for Gompertz growth functions (4 Marks).
b) Derive the Yield-Effort function (6 Marks).
c) Given values of ; and a carrying capacity ), calculate the maximum sustainable yield (MSY) at for Gompertz yield-effort function (10 Marks).​

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.