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

Marketing orientation, what marketing orientation is kelloggs influenced by...

what marketing orientation is kelloggs influenced by?why do you think kelloggs use this approach?

What is the value of tan in terms of sin, What is the value of tan? in term...

What is the value of tan? in terms of sin?. Ans:    Tan ? = S i n ?/ C os ? Tan ? = S i n ? / √1 - S i n   2?

Integrated marketing, #question.Explain its nature and how it influences th...

#question.Explain its nature and how it influences the integrated marketing communications mix and distinguish between tactical and strategic use of integrated marketing communicat

How many multiplication required to calculate matrix product, (a) Assume th...

(a) Assume that A is a m 1 ×m 2 matrix and B is a m 2 ×m 3 matrix. How many multiplications are required to calculate the matrix product AB? (b) Given that A 1 is a 20 × 50 m

Algebraic word problems, Algebraic Word Problems: Equations: 1....

Algebraic Word Problems: Equations: 1. The total electrical output of one nuclear facility is 200 megawatts more than that of another nuclear facility. Let L be the

Determine the angle of depression to a ship, From the top of a 200 m lighth...

From the top of a 200 m lighthouse, the angle of depression to a ship in the ocean is 23 . How far is the ship form the base of the lighthouse?

The equation of the tangent, Consider the function f(x) = 2x 2 + 1. Find ...

Consider the function f(x) = 2x 2 + 1. Find the equation of the tangent to the graph of f(x) at x = 2. [NOTE: when calculating f'(2), use first principles.

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