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Author Question: A fishing boat owner brings 50,000 fish to market and the market price is 4 per fish. Her average ... (Read 168 times)

JMatthes

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on: Jun 30, 2018
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.

Question 2

A perfectly elastic supply curve is expressed graphically as a(n):
 a. downward sloping line or curve. b. upward sloping line or curve.
  c. vertical line. d. horizontal line.


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heyhey123

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


JMatthes

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Sarahjh

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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