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

.fractions, what is the difference between North America''s part of the tot...

what is the difference between North America''s part of the total population and Africa''s part

Calculate area of a square, The area of a square is given by the formula wi...

The area of a square is given by the formula width time's height. But since the square has all the sides equal, the height is of the same measure as its width. Hence its formula is

Assemble the coefficient matrix and solve the linear system, Solve discrete...

Solve discrete harmonic mapping of a given surface patch (suppose the surface is genus-0 and with one boundary) 1. Map the boundary loop onto a unit rectangle using chord-length

AREA, How do you find the distributive property any faster?

How do you find the distributive property any faster?

World Problems on simultaneous equations, A particular algebra text has a t...

A particular algebra text has a total of 1382 pages which is broken up into two parts. the second part of book has 64 more pages than first part. How many pages are in each part of

Equivalent fractions and area models, Need two equal fractions multiply an...

Need two equal fractions multiply and divide 1/6 3/4 5/15 2/7 20/25 24/36 4/9

Estimate whose time was the fastest, Nancy, Jennifer, Alex, and Joy ran a r...

Nancy, Jennifer, Alex, and Joy ran a race. Nancy's time was 50.24 seconds, Jennifer's was 50.32, Alex's was 50.9, and Joy's was 50.2. Whose time was the fastest? The fastest ti

Example of learning to count, A parent shows his child four pencils. He pla...

A parent shows his child four pencils. He places them in a row in front of her and says "one" as he points to the first pencil, "two" as he points to the second one, "three" as he

PDE, Consider the wave equation utt - uxx = 0 with u(x, 0) = f(x) = 1 if-1 ...

Consider the wave equation utt - uxx = 0 with u(x, 0) = f(x) = 1 if-1 ut(x, 0) = ?(x) =1 if-1 Sketch snapshots of the solution u(x, t) at t = 0, 1, 2 with justification (Hint: Sket

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