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30

6 hrs sail back to market
1 1/2 hr small motor
+/- 1 hr. larger
+/- 40 min largest

[[image]] right pointing arrow [[image]] ((from Barbara Ward))
if bought very tiny engines as for toy boats, wouldn't get utility
so must experiment to get proper unit

in some threshold pt. must get over before start calculation
consultant from outside may not have a feeling where to start

when you have the family firm can't calculate only in terms of productivity but must also look at utility ((? - this [[crossed out]] say [[/crossed out]] in response to my Q about fishing HHs maximizing family welfare, not just profit))

in family firm, L,L&C don't compete w/ each other ((?))

on fishing family might earn even more by living on speed boats & using wife & children as crew, but prefer to take slightly less & move up socially


31

((does marg. utility refer to cost of [[crossed out]] do [[/crossed out]] inputs, & marg. productivity to output?))

costs may appear which formerly lay outside the boundary of relevance such as environmental pollution

[[crossed out]] [[?]] [[/crossed out]]

[[crossed out]] [[?]] [[/crossed out]]

[[crossed out]] [[?]] [[/crossed out]]

[[crossed out]] [[?]] [[/crossed out]]