Five fishermen live in a village and have no other employment or income-earning possibilities besides fishing. They each own a boat that is suitable for fishing but which has no resale value. Fish are worth $5 per pound, and the marginal cost of operating the boat is $500 per month. The fishermen all fish a river next to the village. According to the following schedule, the fishermen have determined that, when there are more of them out on the river fishing, they each catch fewer fish per month.

Boats Fish Caught per Boat (pounds)
1 200
2 190
3 175
4 155
5 130

If each fisherman acts in his own best interest, will he continue to operate his boat each month? Why or why not?

Answers

Answer 1

Answer:

Answer : Per boat operating cost = $500 per month.

Price of fish = $5 per pound.

There are 5 fishermen and each fisherman has 1 boat.

Explanation:

sorry its too short my brain is ded xD

Answer 2

Each fisherman will continue operating their boat each month despite decreased fish catches, as the positive profits outweigh having no income.

Profit = (Fish Caught per Boat × Price per Pound) - Marginal Cost

Fisherman 1: Profit = (200 × $5) - $500 = $500

Fisherman 2: Profit = (190 × $5) - $500 = $450

Fisherman 3: Profit = (175 × $5) - $500 = $375

Fisherman 4: Profit = (155 × $5) - $500 = $275

Fisherman 5: Profit = (130 × $5) - $500 = $150

Each fisherman will continue operating his boat each month even though there are more fishermen using the river, catching fewer fish per boat because the positive profits from fishing ($5 per pound) outweigh the marginal cost of boat operation ($500 per month) ensuring some income.

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Related Questions

the necessity of marketing and advertising for any business

Answers

Answer:

Marketing is important because it helps you sell your products or services, by advertising your business you are showing more people about it

Explanation:

In your initial post, first you will introduce yourself to your peers. Along with your introduction, share your career goals, such as the type of company you hope to work in or the job role you seek. Next choose an area of business law, such as employment law, contract law, finance law, or environmental law. Name the area of business law you selected, describe what value you think these types of law have from the perspective of running a business, and explain any disadvantages you think these types of law have for businesses.

Answers

In a professional presentation to your peers, you must use clear and objective language, which conveys your information in an assertive manner.

As an example, let's assume you have chosen the field of environmental law to work. Your presentation could be constructed as follows:

Personal presentation.Professional Profile.The type of position you want to work.Disadvantages of environmental law for companies.

Let's assume that your core career objective is to assist in holding companies accountable for environmental responsibility through environmental law.

Therefore, you must include the reasons that lead companies to be potential causes of environmental imbalance and how environmental law can help and institute more stringent actions for environmental protection.

This is a matter of creativity and should be written by you, but I hope these tips are helpful.

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how can fiscal policy solve bankruptcy

Answers

Answer: gambleing

Explanation: it workds :)

is D right?

Scarcity can be eliminated through
A) the use of market mechanisms.
B) exploration that helps us find new resources. C) wise use of our resources.
D) None of the above because scarcity cannot be eliminated.

Answers

Answer:

C

Explanation:

wise use of our resources

Answer:

Hello, There! I'll be Gald to help!

Question

Scarcity can be eliminated through

Answer

C is the Correct Answer

Explanation:

By Using Our resources Wisely We Would Not have scarity Because We are using them Wisely

Also

This reduces scarcity and gives us more satisfaction from our existing resources.

Therefore The Answer is option C.

How service managers could use the pigmalion effect in practice give example

Answers

Answer:

Employee burnout and work-related stress are linked to the Pygmalion effect of leaders' expectations and influence on workers. For example, higher expectations lead to higher performance, which in turn encourage even higher expectations

Pacific Ink had beginning work-in-process inventory of $1,070,790 on October 1. Of this amount, $436,900 was the cost of direct materials and $633,890 was the cost of conversion. The 65,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs During October, 136,000 units were transferred out and 47,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,390,200 for direct materials and $4,343,130 6.00 points
Required
(1) Compute the equivalent units for the materials and conversion cost calculations.
(2) Compute the cost per equivalent unit for direct materials and for conversion costs using the weighted-average method. (Round your answers to 2 decimal places.) Officulty 2 Medium Objective: 08-0 600 points Compute the costs of goods transferred out and the ending inventory using the weighted- average method. (Round intermediate calculations to 2 decimal places.) Ending inventory

Answers

Answer:

hello dummy

Explanation: hoy hoy hoy

Sweet Catering completed the following selected transactions during May 2016:

May 1: Prepaid rent for three months, $2,700 May 5: Received and paid electricity bill, $170
May 9: Received cash for meals served to customers, $2,300
May 14: Paid cash for kitchen equipment, $2,700
May 23: Served a banquet on account, $2,000
May 31: Made the adjusting entry for rent (from May 1).
May 31: Accrued salary expense, $1,300
May 31: Recorded depreciation for May on kitchen equipment, $180

Required:
If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?

Answers

Answer:

ask the internet

Explanation:

to get your answer hope this was helpful to you

What is the rate of interest if your money doubles every 6 years? This is also known as Rule of 72.

Answers

Answer:

about 12 percent

Explanation:

12% is the correct answer

Bramble Corp. is planning to sell 200 buckets and produce 880 buckets during March. Each bucket requires 100 grams of plastic and one-half hour of direct labor. Plastic costs $ 10 per 100 grams and employees of the company are paid $ 18 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Bramble has 1000 kilos of plastic in beginning inventory and wants to have 1000 kilos in ending inventory. How much is the total amount of budgeted direct labor for March

Answers

Similar to yours just watch solve. Hope it helps

The Blossom Company is a multidivisional company. Its managers have full responsibility for profits and complete autonomy to accept or reject transfers from other divisions. Division A produces a sub-assembly part for which there is a competitive market. Division B currently uses this sub-assembly for a final product that is sold outside at $1,488. Division A charges Division B the market price of $868 per unit of the part. Unit variable costs are $644 and $744 for Divisions A and B, respectively. The manager of division B feels that division A should transfer the part at a lower price than market because, at market, division B is unable to make a profit.

Required:
Calculate division B's contribution margin if transfers are made at the market price, and calculate the company's total contribution margin.

Answers

Calculate B and A but C may be there too appearing and d will be d and not D because of calculus amount the answer is r

16. A est is NOT showing ons of intoxication but a server who has been monitoring the rest is concerned about the number of drinks the quest has consumed. What should the server do in this situation?
Continue serving the guest but stop when the guests how’s signs of intoxication
Continue serve the guest because he or she can deally handle more alcohol than the average person
stop sere koho to the puest because the post may have a tolerance to alcohol
Ask the quest to leave the establishment immediately

Answers

Answer:

Some of the choices seem to have some spelling mistakes but:

The server should stop serving alcohol and if the guest becomes combative/belligerent, ask the guest to leave.

Explanation:

Signs of intoxication might not be immediate, so after a few drinks, the server should stop serving. If the man is a disturbance/combative, the server should call the police department.

There are good ways to handle quest. The server should  continue serving the guest but stop when the guests show’s signs of intoxication.

There are different ways to handle an intoxicated customer in a restaurant.  The best way is to offer the customer some coffee or food, as a replacement for a drink.

Do call a cab or order a ride home for the customer and never let them drive. Note that a customer may becomes  angry, but be patient and escort them outside of the restaurant and call the police if it becomes more than you can handle.

Note that you should not stop serving the guest unless there is signs of intoxication as it will be very rude to do so without any signs shown by the guest.

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Pedro sells investment land on September 1, 2019. Information pertaining to the sale follows: Adjusted basis $25,000 Selling price 90,000 Selling expenses 1,500 Down payment 12,000 Four installment payments 15,000 Mortgage assumed by the buyer 18,000 Required: Each installment payment is due on September 1 of 2020, 2021, 2022, and 2023 (ignore interest). Determine the tax consequences in 2019, 2020, 2021, 2022, and 2023. (Do not round intermediate calculations. Round your final answers to nearest whole dollar value.)

Answers

The tax consequence in 2019 is $10584 while the tax consequence from 2020 to 2023 will be $13229.

Bases on the information given, the realized gain will be:

= $90000 - $25000 - $1500

= $63500

The gross profit percentage will be:

= 63500/(90000 - 18000) × 100

= 63500/72000 × 100

= 88.19%

The tax consequence in 2019 will be:

= $12000 × 88.19% = $10584

The tax consequence in 2020 will be:

= $15000 × 88.19% = $13229

The tax consequence in 2021 will be:

= $15000 × 88.19% = $13229

The tax consequence in 2022 will be:

= $15000 × 88.19% = $13229

The tax consequence in 2023 will be:

= $15000 × 88.19% = $13229

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In addition to the UFMIP (up-front mortgage insurance premium), the owner-occupant borrower who decides to use an FHA mortgage loan will normally pay an additional annual mortgage insurance premium (MIP) that depends on the loan-to-value ratio and the term of the loan. As of 2019, the MIP ranged from ____________ percentage of the average annual loan balance

Answers

As of 2019, the MIP ranged from 0.8 percent to 1.05 percent of the average annual loan balance.

This is usually based on the MIP on a 30-year loan range. Alternatively, the MIP ranges between $800 to $1,050 for every $100,000 borrowed.

The exact amount of MIP to be paid by borrowers depends on the actual amount borrowed and the down payment or equity made.

MIP stands for Mortgage insurance premiums which the Federal Housing Administration mortgage borrowers pay.

Hence, in this case, it is concluded that the correct answer is 0.8 percent to 1.05 percent.

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A firm can establish a sustainable competitive advantage over competitors if:

Answers

Answer:

it provides its customers benefits similar to its competitors but at a lower price

Explanation:

N/A

A firm can establish a sustainable competitive advantage over competitors if they are outperforming another contender.

What is firm?

When a business offers its clients advantages similar to those of its rivals but at a cheaper cost, it has an edge over its competitors. This is caused by the fact that all creates its goods at a considerably lower price than its rivals.

When a company consistently beats its rivals, it would have a competitive edge. By offering products that are comparable to those of its opponents at a cheaper cost, a business might obtain an edge over its competitors.

When a company consistently beats its rivals, it would have a competitive edge. By offering products that are comparable to those of its opponents at a cheaper cost, a business might obtain an edge over its competitors.

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if the natural rate of unemployment is 5%, what is the total rate of unemployment if output is 2% below potencial output?

Answers

It is 5% for rate Unemployment

What principle of corporate governance requires companies to operate in ways that respect the social and legal relationships they have with employees and creditors, among others?

A. Interests of other stakeholders

B. Integrity and ethical behavior

C. Integrity and ethical behavior

D. Disclosure and transparency​

Answers

Answer:B

Explanation:

A/An ____________ tone of voice will help customers feel confident that you’re there to help. A.Superior B.indifferent C.monotone D.Enthusiastic

Answers

Answer:

D

Explanation:

enthusiastic it makes customers feel like you care

pls mark brainliest

Which of these factors contributes to the popularity of cable TV advertising?
OA.
wide reach
OB. locality of the audience
Ос, caters to wealthy audiences
OD. lengthy ad-making procedure

Answers

The factor that contributes to the popularity of cable TV advertising is "wide reach."

Unlike the normal print, newspaper, radio, or local television stations, cable TV advertising can reach a larger audience.

This is evident in the fact that Cable TV adverts can be viewed anywhere in the country and across the globe.

Also, another advantage is that it can easily be tied to a particular program, such as sports programs and other exciting programs.

Hence, in this case, it is concluded that the correct answer is option A. "Wide Reach."

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1. Describe a natural monopoly and use a graph to support your answer.


2 Describe the main characteristics of a monopolistically competitive market.

Answers

Answer:

i think Monopoly Market Characteristics

Explanation:

i think The characteristics of monopoly include: (1) one firm, (2) one product, and (3) no entry (Table 5.1). The monopoly solution is shown in Figure 5.2. Note that long-run profits can exist for a monopoly, since barriers to entry halt any potential entrants from joining the industry.

how to deal with accrued income in accounting equation?​

Answers

Explanation:

Accured income is the income that has been earned during the year, but is still to be received. Accordingly, it will increase the capital of the proprietor.And secondly it would be treated as a asset as it due from some third party that would be considered as a debtor of the firm.

I hope it will be help you

A Empresa Comercial Ltda. apresenta um ciclo de caixa de 20 dias e efetua pagamentos anuais no montante total de R$ 180.000.
Com base nestas informações, calcule o caixa mínimo necessário para a empresa manter-se líquida.
A alternativa que apresenta o valor correto para o caixa mínimo necessário, é:

a.
15.000

b.
22.500

c.
25.800

d.
10.000

e.
20.000

Answers

Answer:

A Resposta é d) 10.000

Explanation:

donna is a very smart accountant. She is friendly and outgoing but sometimes she gets distracted and does not turn in her work on time. Her manager is looking for someone to work with a very important client but donna is not considered for the opportunity what quality is donna lacking.
leadership
dependability
positivity
motivation I will give 20 points and brainliest if correct plz give me right answer

Answers

Donna is lacking motivation.

The reason is Donna having a friendly quality, if you having this quality then you can build a trust in your leadership. and also Donna is a very smart personality which ensures it's positivity and dependability.

Answer:

dependiballity

Explanation:

She gets distracted easily and forgets to turn in her work. She lacks dependiballity, she isnt reliable.

Your job right now is to finish reading chapter 14. How strongly would you be motivated to do that if you were sweating in a room at 105 degrees Fahrenheit? Imagine your roommate has turned on the air-conditioning. Once you are more comfortable, are you more likely to read? Look at Maslow's hierarchy of needs to see what needs would be motivating you at both times. Now recall a situation in your home, school, or work life in which you were feeling particularly motivated to do something. Which of the needs identified by Maslow motivated you then? (Required at least 300 words).Original Post due by Friday 10/29/2021 (50% of the grade)

Answers

Answer:

we're is the picture of the questions

The Conner Company uses a two-step process for making wooden boards with holes in them. Step 1 is drilling and Step 2 is sanding. Drilling can be done using a hand drill that takes 2 minutes to load the bit and 2 minutes to drill each hole. If production of each unit involves drilling 14 holes, what is the maximum output of Step 1 using the manual drill if 1 setup is involved for each order of 1 board

Answers

The maximum output from Step 1 using the hand drill is 2 units per hour (option C).

To know how many boards of wood can be made in a given time using the manual drill that takes 2 minutes making each hole and 2 minutes loading, the following operations must be done.

Multiply the number of holes in each table by the amount of time it takes the drill to drill each hole.

14 × 2min = 28min

Add the time it takes for the drill to make the total holes to the two minutes it takes to load.

28min + 2min = 30min

According to the above, each table takes 30 minutes to complete. So the correct answer is 2 units per hour (option C).

This question is incomplete because the options are missing. Here are the options.

A) 10 units per hour

B) 5 units per hour

C) 2 units per hour

D) 12 units per hour

E) None of the above

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Define sociology? Types sociology?

Answers

Explanation:

Sociology is the study of social change, social life, and the social causes and effects of human behavior.

The two major types of sociology that were joined are qualitative and quantitative. Quantitative has to do with how much/ numbers while qualitative has to do with first hand research like interviews etc.

The production function for laser eye surgery is given by Q = 20K0.5L0.5, where Q is the number of laser eye surgeries performed per day, K is the number of eye surgery machines (which is fixed at 2 in the short run), and L is the number of employees. The marginal product of labor for L = 3 is ____.

Answers

The marginal product of labor is 10.

Data and Calculations:

Production function = Q = 20K0.5L0.5 = 20 x K x 0.5 x L x 0.5

Where:

Q = number of surgeries per day

K = number of machines

L = number of employees

Assuming that:

K = 2

L = 2

Therefore, Q1 = 20 x 2 x 0.5 x 2 x 0.5

= 20 surgeries per day

Q2 = 20 x 2 x 0.5 x 3 x 0.5

= 30 surgeries per day

Change in productivity = 10 (30 - 20)

Change in labor = 1 (3 - 2)

Marginal product of labor = change in output / change in labor

= 10 (10/1)

Thus, the marginal product of labor for the production function is 10.

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Rủi ro của các doanh nghiệp khi kinh doanh taxi công nghệ

Answers

Answer:

Pls translate in english

Explanation:

I dont understand im sorry

Which of the following is most unlikely to present a barrier to entry into a market?
Select one:

a.
market forces

b.
patent laws

c.
technological advantages

d.
deregulation

Answers

The factor which is most unlikely to present a barrier to entry into a market is deregulation.  

Deregulation is the removal or reduction of regulations in order to help stabilise an economy or to give traders a free market

As a result of this, we can see that deregulation does not present a barrier to entry in a market because of the removal of government barriers which otherwise would have made things difficult for a person to get into a market.

Therefore, the correct answer is option D

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You have been asked to evaluate two alternatives, X and Y, that may increase plant capacity for manufacturing high-pressure hydraulic hoses. The parameters associated with each alternative have been estimated. Which one should be selected on the basis of a present worth comparison at an interest rate of 14% per year

Answers

Hope its helps. Thanks.

Which of the following is NOT a factor of production?
A) mineral resources
B) money
C) a computer programmer
D) a commercial aircraft

is it c?​

Answers

Answer:

yes it is C.

Explanation:

you're welcome

It D a computer programmer
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