Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Find the price and the total revenue
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Assignment Help >> Business Management
Question
Bart is a fisherman in Rend Lake Illinois and has a job paying $100/day. He has to decide whether to work at the store or fish in the lake and sell the fish. Demand for fish is Qd = 1000 – 2P per day where, P is price per kilo and Qd is quantity demanded.
a) Assume the Rend Lake is a public property and find the optimum fish catch for Bart.
b) Find the price and the total revenue Bart will make each day.
c) Suppose Bart owned Rend Lake. Find the optimum catch per day and show that in this situation fish will last longer.
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