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QUESTION
The amount of fish caught per week on a trawler is a function of the crew size assigned to operate the boat. Based on past date, the following...
The amount of fish caught per week on a trawler is a function of the crew size assigned to operate the boat. Based on past date, the following production schedule was developed:Fish CaughtPer Week (Hundreds of lbs.)36111924283133343433d. Suppose the owner of the trawler can sell al the fish caught for $75 per 100 pounds and can hire a many crew members as desired by paying them $150 per week. Assuming that the owner of the trawler is interested in maximizing profits, determine the optimal crew size.
The amount of fish caught per week on a trawler is a function of the crew size assignedto operate the boat. Based on past date, the following production schedule wasdeveloped:Crew Size Amount of...