Shrimp Galore, a shrimp harvesting business in the Pacific Northwest, has a 30-year loan on its shrimp harvesting boat. The annual loan payment is $25,000 and the boat has a market (salvage) value that exceeds its outstanding loan balance. Prior to the 2008 shrimp harvesting season, Shrimp Galore's accountant predicted that at expected market prices for shrimp, Shrimp Galore would have a net loss of $75,000 dollars after paying all 2008 expenses (including the annual loan payment). In this case, Shrimp Galore should ?Refer to the following table:Total cost schedule for a competitive firm: Output Total Cost0 $ 101 $ 602 $ 803 $1104 $1655 $245If market price is $60, what is the maximum profit the firm can earn?

a) Sell off the boat and pay back the loan and retain the extra money rather than produce nothing and experience a loss of $25,000

b) if it produces

1.If it produces 0 than 0 - 10 = -10

2.If it produces 60 than 60 - 60 = 0

3.If it produces 120 than 120 - 80 = 40

4.If it produces 180 than 180 - 110 = 70

5.If it produces 240 than 240 - 165 = 75

6.If it produces 300 than 300 - 245 = 55

Hence the maximum profit is $75

c.

explanation:

regressive tax taxes the poor and less of the wealthy. this the rich get richer and the poor get more poor. this would create a large wealth gap.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know