
Managerial Economics: Applications, Strategy and Tactics 12th Edition by James McGuigan, Charles Moyer, Frederick Harris
النسخة 12الرقم المعياري الدولي: 9781439079232
Managerial Economics: Applications, Strategy and Tactics 12th Edition by James McGuigan, Charles Moyer, Frederick Harris
النسخة 12الرقم المعياري الدولي: 9781439079232 تمرين 4
Consider Exercise again. Suppose the owner of the trawler can sell all the fishcaught for $75 per 100 pounds and can hire as many crew members as desired by paying them $150 per week. Assuming that the owner of the trawler is interested in maximizing profits, determine the optimal crew size.
Exercise
The amount of fish caught per week on a trawler is a function of the crew size assigned to operate the boat. Based on past data, the following production schedule was developed:
a. Over what ranges of workers are there (i) increasing, (ii) constant, (iii) decreasing, and (iv) negative returns
b. How large a crew should be used if the trawler owner is interested in maximizing the total amount of fish caught
c. How large a crew should be used if the trawler owner is interested in maximizing the average amount of fish caught per person
Exercise
The amount of fish caught per week on a trawler is a function of the crew size assigned to operate the boat. Based on past data, the following production schedule was developed:
a. Over what ranges of workers are there (i) increasing, (ii) constant, (iii) decreasing, and (iv) negative returns b. How large a crew should be used if the trawler owner is interested in maximizing the total amount of fish caught
c. How large a crew should be used if the trawler owner is interested in maximizing the average amount of fish caught per person
التوضيح
In the table below, we will calculate th...
Managerial Economics: Applications, Strategy and Tactics 12th Edition by James McGuigan, Charles Moyer, Frederick Harris
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