Suppose Al, Betty, and Carl own the only fishing companies in your village. Suppose the market price today is $10 per fish. Suppose Al catches 4,000 fish with an average total cost of $7.50, Betty catches 6,000 fish with an average total cost of $6, and Carl catches 10,000 fish with an average total cost of $5 . What is the average profit per fish in the village today?
a. $2.40
b. $4.20
c. $3.80
d. $2
e. $5
B
Economics
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