Richard Miller is a commercial fisherman, and he has just returned from a trip off the coast of Maine. He has calculated the cost of his catch as follows:

Wages of deckhands		$33,600
Richards wage		17,400
Food, medical supplies, etc.		7,400
Depreciation of netting and other equipment		5,400
Depreciation of boat		13,100
Fuel		16,700
Total		$93,600

Richards nets yielded a catch of 16,400 pounds of salmon, 25,420 pounds of halibut, and 40,180 pounds of flounder. Salmon sells for $10 per pound, halibut for $6 per pound, and flounder for $2 per pound.

Allocate joint costs based on weight. With these costs, what is the profit associated with each type of fish?

		Profit
Salmon
Halibut
Flounder

Allocate joint costs based on weight. With these costs, what is the profit associated with each type of fish?