Question

Explain the pros and cons of Maximum Economic Yield and Maximum Sustainable Yield relative to one...

Explain the pros and cons of Maximum Economic Yield and Maximum Sustainable Yield relative to one another.

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Answer #1

Answer : Maximum sustainable yield and Maximum Economic yield .

  • Maximum sustainable yield has higher than the maximum Economic yield.
  • Maximum Economic yield is included monetary terms of effort and return in sustainable yield formulation where as maximum sustainable yield does not take into account the Monetary terms as they accounts the average catch that can be capatured from a stock under existing environment condition.
  • Maximum Economic yield is the largest positive difference between total revenue and total cost of fishing as compare to maximum sustainable yield.
  • Maximum sustainable yield provided higher average catch as compare to maximum Economic yield.
  • Maximum sustainable yield is the best method in fishiers management.
  • Maximum sustainable yield is more appropriate and accurate.
  • Maximum sustainable yield is costly as compare to maximum Economic yield.
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