This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a fishing boat owner brings 10,000 fish to market and the market price is 7 per fish, she will ... (Read 163 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jun 30, 2018
If a fishing boat owner brings 10,000 fish to market and the market price is 7 per fish, she will have 70,000 in total revenue. If the average variable cost of 10,000 fish is 4 and the fixed cost of the boat is 20,000 . what is her profit?
 a. 1.
  b. 3.
  c. 1,000.
  d. 3,000.
  e. 10,000.

Question 2

If the price elasticity is supply coefficient is greater than one, then supply is:
 a. elastic.
  b. inelastic.
  c. perfectly elastic.
  d. perfectly inelastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wuly

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

a


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Jun 30, 2018
Excellent

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
angler fish 2 angler fish 2
viper fish 2 viper fish 2
Box-fish Box-fish
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ... Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ...
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library