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Commercial fisherman try to catch in a day

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How many fish should a commercial fisherman try to catch in a day? Should he catch as many as possible or return to dock before filling the boat with fish? Under what economic circumstances should he not even take the boat out?

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Solution Summary

The expert determines how many fish a commercial fisherman should try and catch in a day. The economic circumstances that a fisherman should not take the boat out is determined.

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The number of fish that a commercial fisherman tries to catch in a day should be the amount he can reasonably dispose of in the marketplace at a price higher than his cost of catching the fish. Hence, a ...

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