Return to dock before filling the boat with fish

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How many fish should a commercial fisher try to catch in a day? Should he catch as many as possible or return to dock before filling the boat with fish? Under what economic circumstances should he not even take the boat out?

If a firm is incurring an economic loss, would society be better off if the firm shut down? Would the firm want to shut down? Explain.

Is Apple Computer a perfectly completive firm? Explain your answer.

Reference no: EM13861515

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