Quantitative, Mathematics

Assignment Help:
A lobster catcher spends $12 500 per month to maintain a lobster boat. He plans to catch an average of 20 days per month during lobster season. For each day, he must allow approximately $95 for fuel and ice for the boat. If his packaging and distribution costs are $2.00 per kilogram of lobster, and if lobster sells for $6.00 per kilogram: (Excel is not required for this question: Just Type your answer with proper steps)

a. How many kilograms of lobster must he catch per day to break even?

b. Suppose the catcher wants to put away money to sustain himself through inclement weather and off-season expenses. He decides that he would like to save $10 000 per month. How much lobster should he plan to catch to make this plan possible?

Related Discussions:- Quantitative

Find out the x-intercepts, Find out the x-intercepts & y-intercepts for eac...

Find out the x-intercepts & y-intercepts for each of the following equations.                            y =x 2 +x - 6 Solution As verification for each of these we wil

Define regression, Define regression. The main reason of curve fitting ...

Define regression. The main reason of curve fitting is to estimate one of the variables (the dependent variable) from the other (the independent variable). The procedure of est

Normal Distribution, You don''t have to give me the answer. I just want to ...

You don''t have to give me the answer. I just want to know HOW to do it. In a set of 400 ACT scores where the mean is 22 and the standard deviation is 4.5, how many scores are ex

Solve 5x tan (8x ) =3x trig function, Solve 5x tan (8x ) =3x . Solution...

Solve 5x tan (8x ) =3x . Solution : Firstly, before we even begin solving we have to make one thing clear.  DO NOT CANCEL AN x FROM BOTH SIDES!!! Whereas this may appear like

Determine the relation is partially ordered, Determine if the relation repr...

Determine if the relation represented by the following Boolean matrix is partially ordered. Ans: Let the following relation R is defined on set A = {x, y, z}. To test if t

What is the greatest common factor of 24 and 64, What is the greatest commo...

What is the greatest common factor of 24 and 64? List the factors of 24 and 64. The largest factor that they have in common is the greatest common factor. Factors of 24: 1,

How many cubic feet of steel is require to construct, A spherical holding t...

A spherical holding tank whose radius to the outer surface is 10 feet is constructed of steel 1 inch thick. How many cubic feet of steel is require to construct the holding tank? R

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd