How large a crew should be used

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Reference no: EM132658927

The amount of fish caught per week on a trawler is a function of the crew size assigned to operate the boat. Based on past data, the following production schedule was developed.

Problem 1: Over what ranges of workers are there (i) increasing, (ii) constant, (iii) decreasing, and (iv) negative returns?

Negative Returns:

Increasing returns:

Constant returns:

Decreasing Returns:

Problem 2: How large a crew should be used if the trawler owner is interested in maximizing the total amount of fish caught?

Problem 3: How large a crew should be used if the trawler owner is interested in maximizing the average amount of fish caught per worker?

Reference no: EM132658927

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