Refer to the Following Scenario to Answer the Following Questions

question 69

Multiple Choice

Refer to the following scenario to answer the following questions.
Five fishermen live in a village and have no other employment or income-earning possibilities besides fishing.They each own a boat that is suitable for fishing but does not have any resale value.Fish are worth $5 per pound,and the marginal cost of operating the boat is $500 per month.They all fish a river next to the village.According to the following schedule,they have determined that when there are more of them out on the river fishing,they each catch fewer fish per month.

-If four boats operate,then each boat will make a profit of

• A) $775.00.
• B) $500.00.
• C) $275.00.
• D) $675.00.
• E) $68.75.

Understand the perspectives of sexual difference theories and cultural feminism on gender roles and traits.

Analyze the development of feminism across different waves and its influence on the sociological discipline.

Understand the basic concepts and principles of rational choice theory.

Recognize the influences on rational choice theory from various fields.

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Definitions:

Trade Deficit

An economic condition where a country's imports exceed its exports over a certain period, leading to negative net exports.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another currency.

Pound

A unit of currency used in the United Kingdom and other territories, symbolized by £ and formally known as the pound sterling.

Currency Depreciates

A decrease in the value of a country's currency with respect to one or more foreign benchmark currencies, typically in a floating exchange rate system.