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Kim and Miki live in General Santos and fish tuna for a living. Their crew of four (4) are paid a total of Php5,000 per
Kim and Miki live in General Santos and fish tuna for a living. Their crew of four (4) are paid a total of Php5,000 per day. The operating costs is Php1,000 per day when fishing; otherwise, there are no costs. The following shows the catch for a period during the year:
PERIOD | CATCH PER DAY (KGS) |
PRIME (180 DAYS) | 100 |
MONTH 7 (30 DAYS) | 80 |
MONTH 8 (30 DAYS) | 60 |
REST OF THE YEAR | 40 |
The price of the tuna is determined by competition and is set at Php80/kg.
- What is the MP of a day's worth of fishing during prime, month 7, month 8 and the rest of the year?1 point
- What is the MC of a kg of fish during prime, month 7, month 8 and the rest of the year?4 points
- If you were Kim and Miki, how many months per year would you hire the crew to fish? Explain.2 points
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