Assignment Detail


Marginal cost schedule

    Assignment Instructions

    Assignment Help >> Business Economics


    Suppose a fish farm has the following marginal cost schedule:

    Baskets per hour

    Marginal Cost Total Cost

    1 $5 $15

    2 $7 $22

    3 $9 $31

    4 $13 $44

    5 $17 $61

    6 $25 $86

    7 $32 $118

    (a) How many baskets of fish should be harvested at market prices of

    i. $7

    ii. $13

    iii. $25

    (b) How much profit does the farmer make at each of these prices in (a)?

    Need fresh solution to this Assignment without plagiarism?? Get Quote Now

    Expert Answer

    Asked by: Anonymous
    Plagiarism Checked
    Answer Rating:

    Plagiarism free Answer files are strictly restricted for download to the student who originally posted this question.

    Related Assignments

    Our customer support team is here to answer your questions. You can send Assignments directly to support team.
    👋 Hi, how can I help?