at the fishing hole people come from all around


At the fishing hole, people come from all around to catch fish to sell at the fish market. The total number of fish caught is F=10x-(x^2) where x is the number of fishermen. Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum, how much would it hurt all the other fishermen (combined) if one more person started fishing?

a) $30

b) $20

c) $10

d) $40

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Microeconomics: at the fishing hole people come from all around
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