Determine the optimal crew size


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:

Crew Size Amount of Fish Caught
(Number of Workers) Per Week (Hundreds of lbs.)

2 3
3 6
4 11
5 19
6 24
7 28
8 31
9 33
10 34
11 34
12 33

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.

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Microeconomics: Determine the optimal crew size
Reference No:- TGS063356

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