If n is the number of fishermen in the river, then each fisherman catches 10 + 120/n kg of fish each day (depending on how many fishermen there are). A kg of fish sells for 5 pounds, a fishing license costs 20 pounds, and a fisherman could also work at the docks for 80 pounds a day. How many fishermen will fish in the river each day? (a) 8 (b) 12 (c) 16 (d) 18 (e) 20

If n is the number of fishermen in the river, then each fisherman catches 10 + 120/n kg of fish each day (depending on how many fishermen there are). A kg of fish sells for 5 pounds, a fishing license costs 20 pounds, and a fisherman could also work at the docks for 80 pounds a day. How many fishermen will fish in the river each day? (a) 8 (b) 12 (c) 16 (d) 18 (e) 20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

0.9 Price 0.8 0.7 0.6 oo 0.5 0.4 öö 0.3 0.2- 0.1 0 0 1000 2000 3000 4000 5000 6000 7000 8000 Quantity What's the marginal value at a quantity of 4,000? Answer here 000 ← PREVIOUS O Submission arget due: 3/1/23 25% Status: Completed, Below passing score APR 13 F7 átv F8 DD F9
Hi hlo expert Hand written solution is not allowed.
1. Suppose that a polluting activity has marginal damage and marginal abatement costs given by MD=2E and MAC = 210 - 3E, respectively. Suppose that the polluter(s) are held liable for damages. (a) What level of emissions will be chosen by polluters. (b) Compute the amount of damages (compensation) that will be paid by polluters and the total of all costs paid by polluters. (c) Compute the social gains from instituting legal liability, relative to the no-abatement outcome.
24. Which of the following statements is FALSE? (A) The Pfizer, Moderna, AstraZeneca and J&J vaccines do not reduce the spread of COVID-19. (B) COVID-19 primarily causes deaths and hospitalizations among the elderly and those with pre-existing conditions such as obesity. (C) Klaus Schwab started the World Economic Forum. (D) It is impossible to get COVID-19 from an asymptomatic carrier. 25. Why do lockdowns comprise a bad method to deal with COVID-19? (A) They cause harms from other health issues, such as suicides, drug overdoses, and missed cancer screenings. (B) Lockdowns operationalize the beta male within each individual, hence channeling a simp from within the chasms of the soy boy realm. (C) Lockdowns lead to starvation in developing countries, hence causing more deaths than COVID itself. (D) Both A and C. The next three questions involve the following situation. Consider a closed economy in which C = $345 billion, G = $350 billion, Y = $1 trillion, and T = $100 billion. 26. What…
n order to create more jobs in the region, the local government gave permission to a foreign investor to build a chemical plant not far from a residential area. Analysts predict that real estate prices will drop by 15%15%. Currently, the total value of real estate is $40$⁢40 million.Calculate the potential external cost for the residents in this area of building the chemical plant. Write the exact answer. Do not round.
Please help with a parts A-C
52. Which of the following statements is TRUE? (A) COVID-19 is uniquely deadly. (B) Asymptomatic spread is a key driver of COVID-19 outbreaks. (C) Vaccines reduce the spread of COVID-19. (D) People who die with COVID-19 typically have comorbidities.
Need help with two sub part mc question as it can be answered
Cost and benefit (thousands of dollars per concert) MSC 100 80 60 40 20 0 5 A) 0. B) 5. (C) 10. D) 20. E) 15. 15 MC MB 10 20 25 Quantity (concerts per year) 39) The figure above illustrates the marginal private cost and the marginal social cost to the city of Halifax for each rock concert that is offered. It also illustrates the marginal private benefit. There is no external benefit. The efficient number of concerts in Halifax is
An assembly line can produce 80 units per hour. The line's hourly cost is $4250 on straight time (the first 8 hours). Workers are guaranteed a minimum of 5 hours. There is a 35% premium for overtime, however, productivity for overtime drops by 10%. What are the average and marginal costs per unit for the following daily quantities? (a) 350 (b) 500 (c) 640 (d) 850
25 Y 20 15 10 5 B3, 0 B2 B1 0 12 13 C 13 b 12 5 05. Point (c) compared to point (b) 10 GD 15 (a) represents a higher level of utility. (b) represents the same level of utility, but is less expensive. (c) represents a higher level of utility and is less expensive. (d) represents a lower level of utility but is less expensive. (e) none of the above. 20 L 11 X
Every city and county in California is required to have a long-term general plan that establishes (A) O arbitrary limitations that discourage development. (B) O goals that encourage development. (C) O limitations on population growth and building. (D) O protection for old buildings that should be torn down.