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December 22, 2014

Homework Help: Managerial Economics

Posted by Janet on Monday, August 30, 2010 at 12:27pm.

# of Fisherman Daily Tuna Catch

0 0
1 50 0.02
2 110 0.02
3 300 0.01
4 450 0.01
5 590 0.01
6 665 0.01
7 700 0.01
8 725 0.01
9 710 0.01

Suppose market price of tuna is $3.50/lb. How many fisherman should the company use if the daily rate is $100?

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