Declines with the square of the distance from the bay


Anyone who has ever eaten crabs from the Chesapeake Bay knows that the quality of crab cakes declines with the square of the distance from the Bay. Thus, one should never order crab cakes at the Red Lobster, for example. Unfortunately, the crabs have been over-harvested. Some data relating the daily crab catch to number of crabbers is given below.

Number of crabbers        Total crab catch Average crab catch    Marginal catch

                                        (Bushels)

1                                      50                                   

2                                      100

3                                      150

4                                      200

5                                      240

6                                      270

7                                      290

8                                      300

9                                       300

10                                     300

Complete the table above with the average and marginal catch.

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Macroeconomics: Declines with the square of the distance from the bay
Reference No:- TGS0872190

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