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QUESTION
Captain Starbucks, recently promoted to captain has purchased new fishing equipment which, increased fixed costs but also increased the productivity
- Captain Starbucks, recently promoted to captain has purchased new fishing equipment which, increased fixed costs but also increased the productivity of labor (his predecessor became tangled in fishing lines, was pulled overboard and perished). Please show the impact on the fishing operations cost curves. Please explain why and how you have modified your model of the Pequod's costs of operation.
