Business
Business, 12.08.2020 21:01, alogon1

Refer to the following scenario to answer the following questions. Five fishermen live in a village and have no other employment or income-earning possibilities besides fishing. They each own a boat that is suitable for fishing but does not have any resale value. Fish are worth $5 per pound, and the marginal cost of operating the boat is $500 per month. They all fish a river next to the village. According to the following schedule, they have determined that when there are more of them out on the river fishing, they each catch fewer fish per month.
Boats Fish Caught per
Boat (pounds)
1 200
2 190
3 175
4 155
5 130
How many fishermen will choose to operate their boats?

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, coolkitty35
According to maslow's hierarchy of needs theory, which of the following would be an issue that requires the fulfillment of a lower order need? a)the need for a challenging project at work. b)the need for a promotion at work. c) the need to locate your business in an area with a low crime rate. d)the need for a mentor to you ascend within the company. none of the above
Answers: 3
image
Business, 22.06.2019 02:00, sciencegeekgirl2017
Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations
Answers: 2
image
Business, 22.06.2019 05:20, RichardKing2376
What are the general categories of capital budget scenarios? describe the overall decision-making context for each.
Answers: 3
image
Business, 22.06.2019 11:00, 1129682
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. true or false
Answers: 1
Do you know the correct answer?
Refer to the following scenario to answer the following questions. Five fishermen live in a village...

Questions in other subjects:

Konu
Mathematics, 03.09.2020 14:01
Konu
Physics, 03.09.2020 14:01