Daniel Fortunov's Blog » Lateral Fishermen
3 Comments- Add comment | Back to Personal Blog Written on 20-Mar-2008 by asqui(@0x128).jpg)
Here's an inadvertent lateral-thinking puzzle I pulled out from the current issue of The Architecture Journal:
Dr. Robert Jensen at Brown University conducted a study of Indian fishermen who started using mobile phones to find the best coastal marketplaces for their catch. While the fishermen saw profits increase 8 percent, consumer prices actually dropped by 4 percent...
So they dropped their prices yet managed to increase their profits at the same time? How curious.
How did they manage that? Can you guess?
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written on 20-Mar-2008
chickerino says:
their fixed costs remained the same and it doesn't actually cost more to catch more fish - volume is basically up - thus they can make a higher profit whilst reducing prices.
(@16x16C).jpg)
written on 20-Mar-2008
asqui says:
You're on the right track, but that isn't actually what happened in their situation.
Add a constraint that says the amount of fish the catch remains constant and see if you can still work around it...written on 02-Apr-2008
asqui says:
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