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QuestionImage transcription textYour data includes just one data point,reported in cell B2. This is the sardinestock in Monterey Bay at … Show more… Show moreImage transcription textWe will model the sardine stock at theend of each year in a simplified way.Key elements: each boat c… Show more… Show moreImage transcription text(1) We begin assuming that there are10 boats fishing in Monterey Bay. Usethe model described abov… Show more… Show moreImage transcription text(4) With 10 boats fishing, in what yeardoes the sardine stock fall to zero?Enter 9999 if it does not f… Show more… Show moreImage transcription textN2 A B C D E F G H K M N O 1 Year 10Boats 20 Boats 11 Boats 12 Boats 13Boats 14 Boats 15 Boats 1… Show more… Show moreImage transcription text16 1954 445175544 415315704374140438 303105334 17 1955522210653 486378845 … Show more… Show moreHello, I would like some help on understanding my work.For the first question, I know that I need to find the sardines number at the end of the year. So I did, ((90000000-(10*1000000))*1.2)= The end or year sardines. I did the same to all of the column B. I feel like this was an error since it states that it cannot go above or below zero of 1940. Can anyone explain if that amount should be in the equation (MAX(MIN()) to get the correct amount. If I place that amount on the equatio (MAX(MIN()) will that also be the stock of sardines at the end of the year ? Also, for question 6 am not sure if i need to began with the 1940sardine stock at the end of the year, or the 1949, since if I did that it will be above the 1940 ? I will really appreciate the help. Sorry for my messy writing, hope explain my ideas and question correclty?BusinessEconomicsMicroeconomicsECON 1

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