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

Explain the rules of divisibility, Explain the rules of Divisibility ? ...

Explain the rules of Divisibility ? Divisible by 2: If the last digit is a 0, 2, 4, 6, or 8, the number is evenly divisible by 2. Divisible by 2 Not

Accumulated amount , $26,000 is spended for two years. In the first year it...

$26,000 is spended for two years. In the first year it gets interest at 8.3% p.a. compounded semi annually. In the same year the rate of interest changes to 7.5% p.a. compounded da

Area related to circle, If ABCD isaa square of side 6 cm find area of shad...

If ABCD isaa square of side 6 cm find area of shaded region

The perimeter of a rectangle is 104 inches find out width, The perimeter of...

The perimeter of a rectangle is 104 inches. The width is 6 inches less than 3 times the length. Find out the width of the rectangle. Let l = the length of the rectangle and let

Estimate the cost of the car, Kyra receives a 5% commission on every car sh...

Kyra receives a 5% commission on every car she sells. She received a $1,325 commission on the last car she sold. What was the cost of the car? Use the proportion part/whole =

Geometry of convex sets, (a) Given a norm jj jj on Rn, express the closed b...

(a) Given a norm jj jj on Rn, express the closed ball in Rn of radius r with center c as a set. (b) Given a set A and a vector v, all contained in Rn, express the translate of A by

Interpretation of the second derivative, Interpretation of the second deriv...

Interpretation of the second derivative : Now that we've discover some higher order derivatives we have to probably talk regarding an interpretation of the second derivative. I

Compute the volume and surface area of a right circular cone, Compute the v...

Compute the volume and surface area of a right circular cone: Compute the volume and surface area of a right circular cone along with r =  3", h = 4", and l = 5".  Be sure to

What is the smaller probable value of this number, The sum of the square of...

The sum of the square of a number and 12 times the number is -27. What is the smaller probable value of this number? Let x = the number.  The statement that is "The sum of the

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