five fishermen live in a village and how 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 in a river next to the village, and they have determined that when there are more of them out there on the river fishing, they each catch less fish per month according to the schedule in the table below

boat 1: 200 (fish caught per boat)

boat 2: 190 (fish caught per boat)

boat 3: 175 (fish caught per boat)

boat 4: 155 (fish caught per boat)

boat 5: 130 (fish caught per boat)

A: if each fisherman acts in his own best interest, will he continue to operate his boat each month?If so, how much income will he earn per month

B. If the fishermen band together and act as a group, how many boats will they choose to operate?If income is divided evenly, how much will each fisherman make

C. input the table above in Excel and illustrate your responses to questions a. and b.by creating a table that computes the revenue, costs, and profits in part a. (fishers acting individually) and a table showing revenue, costs, and profits in part b. (fishers acting collaborative)