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

Probability, TWO PERSONS A AND B AGREE TO MEET AT A PLACE BTWEEN 11 TO 12 N...

TWO PERSONS A AND B AGREE TO MEET AT A PLACE BTWEEN 11 TO 12 NOON.  THE FIRST ONE TOARRIVE WAITS FOR 20 MIN AND THEN LEAVE. IF THE TIME OF THIR ARRIVAL BE INDEPENDET AND AT RNDOM,T

Find the third vertex of equilateral triangle, If two vertices of an equila...

If two vertices of an equilateral triangle are (0, 0) and (3, 0), find the third vertex. [Ans: 3/2 , 3/√ 3/2  or 3/2, -3√ 3/2] Ans:    OA = OB = AB OA 2 = OB 2 = AB 2

Evaluate the volume of a basketball along with the volume, Dawn wants to ev...

Dawn wants to evaluate the volume of a basketball along with the volume of a tennis ball. Which formula will she use? The volume of a sphere is 4/3 times π times the radius cub

Draw the digraph for the partial order, 1. Consider the relation on A = {1,...

1. Consider the relation on A = {1, 2, 3, 4} with relation matrix: Assume that the rows and columns of the matrix refer to the elements of A in the order 1, 2, 3, 4. (a)

What is the integratin of 1/sin2x?, ∫1/sin2x dx = ∫cosec2x dx = 1/2 log[cos...

∫1/sin2x dx = ∫cosec2x dx = 1/2 log[cosec2x - cot2x] + c = 1/2 log[tan x] + c Detailed derivation of ∫cosec x dx = ∫cosec x(cosec x - cot x)/(cosec x - cot x) dx = ∫(cosec 2 x

Permuation and combination, how many words can be formed from letters of wo...

how many words can be formed from letters of word daughter such that word contain 2vowles and 3consonant

Addition of unlike terms, In this case, the first point we have to re...

In this case, the first point we have to remember is that we do not get a single value when we add two or more terms which are unlike in nature. This certainly ob

Why is vector division undefined, Division basically refers to multiplicati...

Division basically refers to multiplication of reciprocal. For example a/b is same as a*1/b or we can say, is same as a*b -1 , which is "a" multiplied to the inverse of "b". There

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