Wednesday
August 20, 2014

Homework Help: Economics

Posted by Julian on Sunday, December 3, 2006 at 8:12pm.

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

the answer is A. $1

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