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A commercial fisherman notices the following relationship between hours spent fishing and the quantity of fish caught:
$\begin{aligned} &\begin{array}{lc} &\text { Quantity of Fish }\\ \text { Hours } & \text { (in pounds) } \\ \hline 0 \text { hours } & 0 \mathrm{lb} . \\ 1 & 10 \\ 2 & 18 \\ 3 & 24 \\ 4 & 28 \\ 5 & 30 \end{array} \end{aligned}$
What is the marginal product of each hour spent fishing?
Solutions
Verifieda) The marginal product at each hours is shown on the table:
For this exercise, we have to:

determine the marginal product

showcase the fisherman's production function on a graph

showcase the fisherman's totalcost curve with the given fixed costs and opportunity costs
In this problem, we are going to calculate the marginal product of the given situation.
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