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Suppose Al, Betty, and Carl Own the Only Fishing Companies

Question 65

Multiple Choice

Suppose Al, Betty, and Carl own the only fishing companies in your village. Suppose the market price today is $10 per fish. Suppose Al catches 4,000 fish with an average total cost of $7.50, Betty catches 6,000 fish with an average total cost of $6, and Carl catches 10,000 fish with an average total cost of $5. What is the average profit per fish in thevillage today?


A) $2.40
B) $4.20
C) $3.80
D) $2
E) $5

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