Mark a fish farmer wants to know when he should sell his farm to maximise profits. He has lake that contains 12000 fish. They grow at the rate of 1.6% each month and he harvest 359 at the end of each month and sells them for $150 each.
a) How long until there are no fish
b) A nearby fish farmer is keen to buy mark's fish farm and each month after harvest, he offers Mark $16 per fish for remaining stock. After how many months would be the best time to sell in order to maximise his profits?
a) How long until there are no fish
b) A nearby fish farmer is keen to buy mark's fish farm and each month after harvest, he offers Mark $16 per fish for remaining stock. After how many months would be the best time to sell in order to maximise his profits?