ASAP PLEASE

In Milwaukees McKinley Marina, the cost of operating a fishing boat is $4,000 per month. If there are x boats operating the waters, the total monthly revenue from the fishing boats is 2, 000(12x x2). This implies that the marginal revenue is 2, 000(12 2x).

If there are no restrictions on entry and new boats can come operate on the lake, what is the number of boats that would enter? Explain your answer.

With the number of boats you calculated in a), how much are profits for each boat? Why? Explain your answer.

If the number of boats is regulated by Milwaukee County to maximize total profits, what is the number of boats fishing the waters? Explain

With the number of boats you calculated in c), how much are profits? Why? Ex- plain your answer.