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

Differntial equation, Verify Liouville''''s formula for y "-y" - y'''' + y ...

Verify Liouville''''s formula for y "-y" - y'''' + y = 0 in (0, 1) ?

Example of complex roots, Solve the subsequent IVP. y'' - 4y' + 9y = 0, ...

Solve the subsequent IVP. y'' - 4y' + 9y = 0, y(0) = 0, y'(0) = -8 Solution The characteristic equation for such differential equation is. As:  r 2 - 4r + 9 = 0

Round 468.235 to the nearest hundredth, Round 468.235 to the nearest hundre...

Round 468.235 to the nearest hundredth ? The hundredths place is the second digit to the right of the decimal point (3). To decide how to round, you must like as at the digit t

Logarithms, find any integer from 1-128 on a logarithmic scale

find any integer from 1-128 on a logarithmic scale

Quadratic equation assignment, what is number of quadratic equation that ar...

what is number of quadratic equation that are unchanged by squaring their roots is There are four such cases x 2   =0 root 0 (x-1) 2 =0  root 1 x(x+1)=0  roots  0 and 1

Modelling the maximum volume, what are the dimensions of the box that can b...

what are the dimensions of the box that can be made if squares of x cm by x cm is cut off from 20cm by 20cm square paper

Product and quotient rule, Product and Quotient Rule : Firstly let's se...

Product and Quotient Rule : Firstly let's see why we have to be careful with products & quotients.  Assume that we have the two functions f ( x ) = x 3   and g ( x ) = x 6 .

Percentage, there are 300 students in the sixth grade. if 40% of them were ...

there are 300 students in the sixth grade. if 40% of them were girls, how many boys were there?

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