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Please answer. Thanks. i=1 = F. There are seventeen different countries that might put out fishing fleets to catch from pelagic schools of fish. Use
Please answer. Thanks.
i=1 = F. There are seventeen different countries that might put out fishing fleets to catch from pelagic schools of fish. Use the number n; to represent the number of fishing boats in the fleet of country i, i = 1, ...,17. The marginal cost of a boat is constant, and equal to c=5. Use n to represent the total number of boats, N = ni. If the total number of boats is N, the per boat return is v(N) = 90 - 1.060 so that v(0) >c, u'c, u'Step by Step Solution
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