The amount of Fish caught per week on a trawler is a function of the crew size assigned to operate the boat. The following table
The amount of Fish caught per week on a trawler is a function of the crew size assigned to operate the boat. The following table shows the total and marginal products of labor for a trawler. Crew Size (L) Amount of Fish Caught per Week (Q) Marginal Product (MPL) (No. of Workers) (Hundreds of Lbs) ( Hundreds of Lbs) 2 9 3 27 18 4 54 27 5 99 45 6 144 45 7 171 27 8 189 18 9 198 9 10 198 O 11 189 9 12 171 -18 Suppose the owner of the trawler can sell all the fish caught for $75 per 100 pounds and can hire as many crew members as desired by paying them $1,350 per week. Assuming that the owner of the trawler is interested in maximizing profits, what is the optimal crew size? [: workers
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