Question: Lobsters vary in sizes The bigger the size the more

Lobsters vary in sizes. The bigger the size, the more valuable the lobster per pound (a 6-pound lobster is more valuable than two 3-pound ones). Lobster merchants will sell entire boatloads for a certain price. The boatload has a mixture of sizes. Suppose the distribution is as follows:
What is a fair price for the shipload?

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  • CreatedJune 03, 2015
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