Suppose That You Have Returned from Your Fishing Expedition with 20,000

question 85

Multiple Choice

Suppose that you have returned from your fishing expedition with 20,000 fish. The market price is $3 per fish. Your average fixed cost was $1 and your total variable cost was $5,000. If the price jumps to $3.50 before you sell your first fish, how much extra profit, if any, do you earn?

• A) $10,000.
• B) $25,000.
• C) $30,000.
• D) $45,000.
• E) $70,000.

---

Definitions:

Subjective Pain

Pain that is felt by the sufferer and reported, but may not be measurable or observable by others.

Chronic Malignant

Chronic malignant describes a condition or disease that is both long-lasting (chronic) and characterized by the presence of cancerous cells.

Chronic Nonmalignant

A condition or disease that is persistent and long-lasting in its effects but not cancerous.

Patient Education

Information, instructions, and cautions provided to a patient intended to ensure and advance his or her safety, health, and/or recovery from injury or illness.