The Marginal Cost of Catching a Fish Is the Same

Multiple Choice

The marginal cost of catching a fish is the same as the average total cost at your currentlevel of 3,000 fish. If the price you receive for fish is greater than the marginal cost of the3,000th fish, you should

A) add another boat to your fleet
B) decrease production until MC = MR
C) increase production until MC = MR
D) stop production at 3,000th fish
E) decrease production until the marginal cost of the next unit is enough to pay for the workers, bait, and fuel