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

Vectors, apllication in business and economics

apllication in business and economics

The shape of a graph, The Shape of a Graph, Part II : In previous we saw h...

The Shape of a Graph, Part II : In previous we saw how we could use the first derivative of a function to obtain some information regarding the graph of a function.  In this secti

Easy math margin percentage increase, If A = 100 and B = 44 then A1 =...

If A = 100 and B = 44 then A1 = 120 and B2 = 52.80 A is MAP and B is Tier 6. I need help to find a simple equation that I just cannot find. I just need the percentage

Calculus, using 5 rectangles what is the area under a curve using the funct...

using 5 rectangles what is the area under a curve using the function f(x)=3x+4 and boundries [0,2]

Find a general solution to the differential equation, Example: Find a gene...

Example: Find a general solution to the subsequent differential equation. 2 y′′ + 18 y + 6 tan (3t) Solution First, as the formula for variation of parameters needs coe

Binary to decimal, 01010011 01100101 01101101 01110000 01100101 01110010 00...

01010011 01100101 01101101 01110000 01100101 01110010 00100000 01000110 01101001 00100001

base - 10 block math, there are 5 small cubes and it reads the 5 small cub...

there are 5 small cubes and it reads the 5 small cubes is 1/100, then what is the ONE?

Maths question, if the numerator of a fraction is decreased by 40% and the ...

if the numerator of a fraction is decreased by 40% and the denominator is increased by 100% the new value is 1. what was the original factor

If 0.3 is added to 0.2 times the quantity x - 3, If 0.3 is added to 0.2 tim...

If 0.3 is added to 0.2 times the quantity x - 3, the result is 2.5. What is the value of x? The statement, "If 0.3 is added to 0.2 times the quantity x - 3, the result is 2.5,

Test, a piece of ribbon measures 2,25 meters . it is cut in half . how long...

a piece of ribbon measures 2,25 meters . it is cut in half . how long is one half of the ribbon

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