Assuming that the owner of the trawler is interested in, Econometrics

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Assuming that the owner of the trawler is interested in

Consider Exercise 3 again. Suppose the owner of the trawler can sell all the fish caught for $75 per 100 pounds and can hire as 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.

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Econometrics: Assuming that the owner of the trawler is interested in

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