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

Explain pie charts, Explain Pie Charts ? If the frequencies are writte...

Explain Pie Charts ? If the frequencies are written as percentages, they can be easily compared using a pie chart. The following is an example of a pie chart using the data fr

Applications of rational numbers, Kaylee makes 56 packages in seven hours T...

Kaylee makes 56 packages in seven hours Taylor makes 20% more packages in nine hours who makes more packages per hour

Find k to three decimal places, The population of a city is observed as gro...

The population of a city is observed as growing exponentially according to the function P(t) = P0 e kt , where the population doubled in the first 50 years. (a) Find k to three

Calculus, need someone to log into my hawkes and complete homework due

need someone to log into my hawkes and complete homework due

Find the quotient and remainder, Question: Find the quotient and remain...

Question: Find the quotient and remainder when f(x) = x 5 - x 4 - 4x 3 + 2x + 3 is divided by g(x) = x-2. Make sure the quotient and remainder are clearly identified.

Example of addition of signed numbers, Example of addition of Signed Number...

Example of addition of Signed Numbers: Example: (-2) + 3 + 4 = 0 - 2 + 3 + 4 Solution: Thus: (-2) + 3 + 4 = 5  Example: 10 + (-5) + 8 + (-7)

Estimate how much did the budget increase, Previous year's budget was 12.5 ...

Previous year's budget was 12.5 million dollars. This year's budget is 14.1 million dollars. How much did the budget increase? Last year's budget must be subtracted from this y

Brian 100-yard dash time was 2.68 what is the school record, Brian's 100-ya...

Brian's 100-yard dash time was 2.68 seconds more than one school record. Brian's time was 13.4 seconds. What is the school record? The school record is less than Brian's time.

Operations and properties, use an expression to write an expression with fi...

use an expression to write an expression with five 3s that has a value of 0

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