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

How many dollars did they raise the first two days, The freshman class is p...

The freshman class is participating in a fundraiser. Their target is to raise $5,000. After the first two days of the fundraiser, they have raised 32 percent of their goal. How man

Solving whole-number riddles, I am greater than 30 and less than 40. The su...

I am greater than 30 and less than 40. The sum of my digits is less than 5. who am I?

#Regular Expression, Find the Regular Grammar for the following Regular Exp...

Find the Regular Grammar for the following Regular Expression: a(a+b)*(ab*+ba*)b.

Converting., I need help converting my project fractions into 1

I need help converting my project fractions into 1

What are factor trees explain, What are Factor Trees explain? In algebr...

What are Factor Trees explain? In algebra, we often need to factor a number into its prime factors. One way to do this is to use a factor tree. This is a network of numbers, st

Work Word Problems, Data entry is performed in 2-person teams. Each 2-perso...

Data entry is performed in 2-person teams. Each 2-person team can enter 520 surveys per day. A selection of 7540 surveys must be entered by day''s end. How many total employees, wo

1, use 3/8 of a thin of paint, what fraction of the paint is left in thin (...

use 3/8 of a thin of paint, what fraction of the paint is left in thin (show work

What was the total cost of her order, Leslie ordered a slice of pizza for $...

Leslie ordered a slice of pizza for $1.95, a salad for $2.25, and a soda for $1.05. What was the total cost of her order? The cost of every item must be added together; $1.95 +

What is the probability shane rolls a 5, Shane rolls a die numbered 1 by 6....

Shane rolls a die numbered 1 by 6. What is the probability Shane rolls a 5? From 2:15 P.M. to 4:15 P.M. is 2 hours. After that, from 4:15 P.M. to 4:45 P.M. is another half hour

representative value or an extreme value, A population forms a normal dist...

A population forms a normal distribution with a mean of μ=80 and a standard deviation of o=15. For every samples, compute the z-score for the sample mean and determine whether the

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