Figure 7-8

-"Overfishing" impairs the ability of fish stock to replenish itself, so the stock of fish declines.Fishermen then attempt to increase output by adding more boats and fishing longer.Which average cost curve in Figure 7-8 depicts the "overfishing" situation?
A)1
B)2
C)3

Question

Figure 7-8
 
-"Overfishing" impairs the ability of fish stock to replenish itself, so the stock of fish declines.Fishermen then attempt to increase output by adding more boats and fishing longer.Which average cost curve in Figure 7-8 depicts the "overfishing" situation?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

The Answer of Figure 7-8
 
-"Overfishing" impairs the ability of fish stock to replenish itself, so the stock of fish declines.Fishermen then attempt to increase output by adding more boats and fishing longer.Which average cost curve in Figure 7-8 depicts the "overfishing" situation?
A)1 
B)2 
C)3

Figure 7-8 -"Overfishing" Impairs the Ability of Fish Stock to Replenish Itself