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A Fishing Boat Owner Sells Her Entire Catch of 20,000

Question 127

Multiple Choice

A fishing boat owner sells her entire catch of 20,000 fish and maximizes profit that is equal to $7,000. Suppose fish prices increase and you are asked to calculate her profit knowing that she now sells 30,000 fish. If fish prices increased by $3 per fish, what canyou say about her new profit level?


A) profit > $90,000
B) profit < $97,000
C) profit < $90,000
D) profit > $67,000
E) profit > $10,500

Correct Answer:

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