A fishing boat owner brings 50,000 fish to market and the market price is $4 per fish. Her average variable cost of 50,000 fish is $1 and the fixed cost of the boat is $100,000. What is her profit per fish?
A) $1.
B) $500.
C) $5,000.
D) $25,000.
E) $500,000.
Correct Answer:
Verified
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