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

Stats, Instructions: 1. Write the null and alternative hypotheses. ...

Instructions: 1. Write the null and alternative hypotheses. 2. Calculate the test statistic. 3. Determine the critical value whether or not there has been an improv

Pigeonhole principle, By pigeonhole principle, show that if any five number...

By pigeonhole principle, show that if any five numbers from 1 to 8 are chosen, then two of them will add upto 9.    Answer: Let make four groups of two numbers from 1 to 8 like

Online tutoring, how can i find the online students ?

how can i find the online students ?

Application of linear equations, Application of Linear Equations We ar...

Application of Linear Equations We are going to talk about applications to linear equations.  Or, put in other terms, now we will start looking at story problems or word probl

How long will it take him to plow 21 acres, Mr. Brown plowed 6 acres in 1 h...

Mr. Brown plowed 6 acres in 1 hour. At this rate, how long will it take him to plow 21 acres? Mr. Brown plows 6 acres an hour, so divide the number of acres (21) through 6 to f

Area problem, Area Problem Now It is time to start second kind of inte...

Area Problem Now It is time to start second kind of integral: Definite Integrals.  The area problem is to definite integrals what tangent & rate of change problems are to d

Example of addition of fractions, Example of addition of Fractions: 10...

Example of addition of Fractions: 105/64 + 15/32 + 1/6 =____ would require the denominator to be equal to 64 x 32 x 6 = 12,288. This type of number is very hard to use.

Solving a quadratic equation, In polynomials you have seen expressi...

In polynomials you have seen expressions of the form x 2 + 3x - 4. Also we know that when an expression is equated to zero or some other expression, we cal

Prime number, Prime number A prime number is a number whose only +ve fa...

Prime number A prime number is a number whose only +ve factors are 1 and itself. For instance 2, 3, 5, and 7 are all of the examples of prime numbers.  Examples of numbers whic

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