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How fast should the boat sail to and from the fishing ground

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Reference no: EM133582488

Question: If each hour of fishing yields fish worth $10, if the fuel cost is $1 per gallon and the goal of the boat owner is profit maximization, how fast should the boat sail to and from the fishing grounds using your knowledge of marginal analysis? Explain your answer in detail.

 

 

 

Reference no: EM133582488

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