Adddem Acompetitivefishingindustry consists of fiveindependently ownedandoperatedfishingboats workingat of thepot of Ithaca Assumethat noother fishermanfishCayugalake, andthat theMC operatingabout for 1dayisequivalent to/0pounded fish (About left idegenerates nocosts) Thetotal catchparshordine, inpounds, is giveninthefolowingtableas afundianof thenumber of boats fishing theeast andwest shores of thelde Total catch Numbbroapesid Eatshare Wistshoe 1 100 85 2 180 150 3 255 210 4 30 20 5 30 30 a lfeadboatwndecidedependentsdetheakufishandlboats eplain viewof eachother, howmanyboatswouldyouexpect to findfishingeachshoremanygivenchy? Whatis thenet catch(that is, thetotal catchfrombothshores, less operating costs)? b Isthisdistributionof fishingaraft optinal fromthesocial part of view? If so explainwhy. If not, what is thesociallyoptinal distributionandthecorrespondingnet catch? Stepbystepsdution 1 Stetot Theredationshipbetweentotal, average andmarginal catchis givenfor eachshoreinthetable East Shore West Shore Number of boats per side Total Ag Marginal Total Ag Marginal 1 100 100 100 85 85