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Consider a Lake Stocked with Fish

Question 52

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Consider a lake stocked with fish.The total value of fish caught at the lake depends on the number of fishers,as shown in the accompanying table.As the table indicates,1 fisher can catch $36 worth of fish in a day,2 fishers can catch a total of $66 worth of fish,3 fishers can catch a total of $90 worth of fish,and so forth.The fishers are identical,and the opportunity cost of a day at the lake is $18 for each fisher.
Consider a lake stocked with fish.The total value of fish caught at the lake depends on the number of fishers,as shown in the accompanying table.As the table indicates,1 fisher can catch $36 worth of fish in a day,2 fishers can catch a total of $66 worth of fish,3 fishers can catch a total of $90 worth of fish,and so forth.The fishers are identical,and the opportunity cost of a day at the lake is $18 for each fisher. Consider a lake stocked with fish.The total value of fish caught at the lake depends on the number of fishers,as shown in the accompanying table.As the table indicates,1 fisher can catch $36 worth of fish in a day,2 fishers can catch a total of $66 worth of fish,3 fishers can catch a total of $90 worth of fish,and so forth.The fishers are identical,and the opportunity cost of a day at the lake is $18 for each fisher.

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