How many hours fishing per day he work in order to earn

Reference no: EM13202318

The fisherman has a fixed cost of $200 per day and variable costs of $150 per hour (wages and fuel).
Fill in the information missing in the following table.

Hours/ day Total Fixed Costs Total Variable Costs Total Costs Marginal Costs
0
1
2
3
4
5
6

The fish sell for for $100 a ton. How many hours fishing per day he work in order to earn a maximum profit on his day's activity? And how much is that profit?

Reference no: EM13202318

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