The Marginal Cost of Producing Fish Increases by

Multiple Choice

The marginal cost of producing fish increases by $.01 with each additional fish. The marginal cost of the first fish is $.01, for the second it is $.02, etc. If the market price for fish is $7 per fish and your total fixed cost is $7,000, you should

A) stop fishing after the 7,000th fish
B) stop fishing after the 700th fish
C) stop fishing after the 1,000th fish
D) shut down
E) there is not enough information to answer this question