Optimum sustainable yield

This is an old revision of this page, as edited by 128.111.110.151 (talk) at 21:51, 31 May 2004. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)

Optimum sustainable yield is the level of effort that maximizes the difference between total revenue and total cost. Or, where marginal revenue equals marginal cost. This level of effort maximizes the economic profit, or rent, of the resource being utilized.