Question: 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
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 data, the following production schedule was developed:
CREW SIZE (NUMBER AMOUNT OF FISH CAUGHT PER
OF WORKERS) 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
a. Over what ranges of workers are there
(i) Increasing,
(ii) Constant,
(iii) Decreasing, and
(iv) Negative returns?
b. How large a crew should be used if the trawler owner is interested in maximizing the total amount of fish caught?
c. How large a crew should be used if the trawler owner is interested in maximizing the average amount of fish caught per person?
CREW SIZE (NUMBER AMOUNT OF FISH CAUGHT PER
OF WORKERS) 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
a. Over what ranges of workers are there
(i) Increasing,
(ii) Constant,
(iii) Decreasing, and
(iv) Negative returns?
b. How large a crew should be used if the trawler owner is interested in maximizing the total amount of fish caught?
c. How large a crew should be used if the trawler owner is interested in maximizing the average amount of fish caught per person?
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