DO 46 10:45 E BEA111 Mini Assignment - Principles Question 3 - 30 marks (2-5 sentences + calculations and/or table ) Suppose you manage a fishing boat in Orford that has a license to fish and sell Striped Trumpeter. Each fishing trip costs $1100. Over the last year, you have recorded data and noted the total benefit or revenue from the number of trips per week fishing for Striped Trumpeter. Number of Trips per week Total Revenue $/week 0 $0 1 $1,200 2 $2,340 3 $3,420 4 $4,440 5 $5,400 6 $6,300 How many fishing trips per week should be made in order to maximise profit? Explain your reasoning and show any calculations you made to determine your answer. (30 marks) Feel free to use MS Excel to make any calculations. In your written answer you should provide examples, at a particular number of trips (not zero), of any calculations or numbers you derive to reach your decision. Thus, in this particular assessment question you do not have to show all your calculations, but an example of each type of your calculations, which we will mark, so sure make it clear. In this assessment piece, you should explain the concepts you use to reach your decision, with reference to the question, but you do not have to define the concepts. You should spell out any acronyms you use. For example, if you use MC, you should first refer to it as "marginal cost (MC)" or "MC = marginal cost" or similar