A fishing boat owner sells her entire catch of 8,000 fish and maximizes profit that is equal to $4,000. Suppose fish prices increase and she now sells 10,000 fish. If fish prices increased by $1 per fish, what do you need to know to calculate her new average totalcost?
A) average fixed cost
B) change in average variable cost
C) change in total variable cost
D) how many fish she catches
E) how much profit is made
Correct Answer:
Verified
Q121: Wild Woman's Wild Wilderness Adventures sells 1,000
Q122: Entrepreneurs operate in which spheres of economic
Q123: Suppose an entrepreneur commits to a production
Q124: Suppose an entrepreneur commits to a production
Q125: A fishing boat owner sells her entire
Q127: A fishing boat owner sells her entire
Q128: Suppose Al, Betty, and Carl own the
Q129: Suppose Al, Betty, and Carl own the
Q130: Suppose Al, Betty, and Carl own the
Q131: Suppose you are producing where MC =
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents