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On a tropical island there are 100 potential boat builders, numbered 1 through 100.Each can build up to20 boats a year, but anyone who goes into the boatbuilding business has to pay a fixed cost of $19.Marginal costs differ from person to person.Where y denotes the number of boats built per year, boat builder 1 has a total cost function c(y) = 19 + y.Boat builder 2 has a total cost function c(y) = 19 + 2y, and more generally, for each i, from 1 to 100, boat builder i has a cost function c(y) = 19 + iy.If the price of boats is 25,how many boats will be built per year?
Right to Sue
A legal entitlement allowing an individual or entity to pursue a lawsuit in a court of law, often after fulfilling specific procedural requirements.
Federal Court
A court established by the federal government that has jurisdiction over disputes involving federal laws, interstate matters, and other cases as defined by the Constitution.
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