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

Concrete operational stage, Concrete Operational Stage :  Piaget describes...

Concrete Operational Stage :  Piaget describes a five-year-old boy playing with a collection of pebbles. First, he laid them in a line and counted along the line from left to righ

Iit-jee questions, can u tell me a website for iit-jee questions?

can u tell me a website for iit-jee questions?

Word problem, adison earned $25 mowing her neighbor''s lawn. then she loane...

adison earned $25 mowing her neighbor''s lawn. then she loaned her friend $18, and got $50 from her grandmother for her birthday. she now has $86. how much money did adison have to

Explain different base numbers, Explain Different Base Numbers? In mult...

Explain Different Base Numbers? In multiplying or dividing two exponential expressions with different base numbers, write out the exponential expressions as products. Since

Saddle point-game theory, Saddle Point This point in a pay off matrix i...

Saddle Point This point in a pay off matrix is one which is the largest value in its column and the smallest value in its row. This is also termed as equilibrium point in the t

Equation of line which perpendicular to the given line, Perpendicular to th...

Perpendicular to the line given by 10 y + 3x= -2 For this part we desire the line to be perpendicular to 10 y + 3x= -2 & so we know we can determine the new slope as follows,

Explain comparing fractions with example, Explain Comparing Fractions with ...

Explain Comparing Fractions with example? If fractions are not equivalent, how do you figure out which one is larger? Comparing fractions involves finding the least common

Build upon the childs background with maths, BUILD UPON THE CHILDS BACKGROU...

BUILD UPON THE CHILDS BACKGROUND :  As you read in previous, each child is unique. Individual children vary in age, level of cognition, background, etc. What implications does thi

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