1. BDO's revenue after insurance claims fell from Php68.3 billion in 2016 to Php64.6 billion in 2017. Does it necessarily mean that BDO made less profit in 2017 than in 2016? Explain your answer. (20 points)

1. With the change in the number of fishermen, how will the profit of an individual fisherman change?
2. With the change in profit in the long run, will individual fishermen exit the market?

Answer rating: 100% (QA)

The decrease in revenue from Php683 billion in 2016 to Php646 billion in 2017 for BDO does not neces... View the full answer