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

Radicals, We'll include this section with the definition of the radical.  I...

We'll include this section with the definition of the radical.  If n is a +ve integer that is greater than one and a is a real number then, Where n is termed as the index,

Analyze the dynamic path of pork prices, A well-known simple model, applica...

A well-known simple model, applicable for analysing boom-bust cycles in agriculture, but extendable to analysing boom-bust cycles in many different areas of economics is the hog cy

Marginal probability, Marginal Probability Probability of event A happe...

Marginal Probability Probability of event A happening, denoted by P(A), is called single probability, marginal or unconditional probability. Marginal or Uncondi

Find out the area of the region, Find out the area of the region enclosed b...

Find out the area of the region enclosed by y = x 2 & y =√x . Solution Firstly, just what do we mean by "area enclosed by". This means that the region we're interested in

Rounding whole numbers, Rounding whole numbers List the order in which ...

Rounding whole numbers List the order in which nancy, amy, ethel and cindy line up in single file to board the school bus. Then match the girls with their heights, which are fo

Wants to Join as expert, Hi.. This is dinesh kumar I just joined experminds...

Hi.. This is dinesh kumar I just joined experminds.com , i wamt to receive assignment in maths and want to complete students assignment within time. Please help me how i can become

Determine the property of partial ordered relation, Determine the property ...

Determine the property of Partial ordered relation Question: Partial ordered relation is transitive, reflexive and  Answer: antisymmetric

Differential equations, There isn't actually a whole lot to this section th...

There isn't actually a whole lot to this section this is mainly here thus we can get several basic concepts and definitions out of the way.  Most of the concepts and definitions in

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