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

Stratified sampling, Stratified sampling In stratified sampling case t...

Stratified sampling In stratified sampling case the population is divided into groups in such a way that units in each group are as same as possible in a process called strati

External forces, It is the catch all force. If there are some other forces ...

It is the catch all force. If there are some other forces which we decide we need to act on our object we lump them in now and call this good. We classically call F(t) the forcing

Evaluate the integral - trig substitutions, Example of Trig Substitutions ...

Example of Trig Substitutions Evaluate the subsequent integral. ∫ √((25x 2 - 4) / x) (dx) Solution In this type of case the substitution u = 25x 2 - 4 will not wo

Formula to calculate the surface area of basketball, Keith wants to know th...

Keith wants to know the surface area of a basketball. Which formula will he use? The surface area of a sphere is four times π times the radius squared.

Classify linear or nonlinear, Question: Classify the following differen...

Question: Classify the following differential equations as linear/nonlinear. Also, what is the order of the following differential equations? Xy'-2y =x Xy'' -2y' =xsin(y)

Mensuration, find the diameter of circle whose circumference is 26.51

find the diameter of circle whose circumference is 26.51

Need help , understandin rates and unitrates

understandin rates and unitrates

Laplace transforms, Here is not too much to this section. We're here going ...

Here is not too much to this section. We're here going to work an illustration to exemplify how Laplace transforms can be used to solve systems of differential equations. Illus

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