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

Unitary method, what is history of Unitary method

what is history of Unitary method

Geometry, what is the product of the solutions to the equation: x2+4x=-4

what is the product of the solutions to the equation: x2+4x=-4

Product rule (f g)' = f ' g + f g', Product Rule: (f g)′ = f ′ g + f g′ ...

Product Rule: (f g)′ = f ′ g + f g′ As with above the Power Rule, so the Product Rule can be proved either through using the definition of the derivative or this can be proved

Determine the property of partial ordered relation, Determine the property ...

Determine the property of Partial ordered relation Question: Partial ordered relation is transitive, reflexive and  Answer: antisymmetric

Triple integrals, Consider a circular disc of radius 1 and thickness 1 whic...

Consider a circular disc of radius 1 and thickness 1 which has a uniform density 10 ?(x, y, z) = 1. (a) Find the moment of inertia of this disc about its central axis (that is, the

Draw the direction field, Draw the direction field for the subsequent diffe...

Draw the direction field for the subsequent differential equation. Draw the set of integral curves for this differential equation.   Solution:  y′ = y - x  To draw direct

Evaluate infinity limit into the polynomial , Example   Evaluate following...

Example   Evaluate following limits. Solution Here our first thought is probably to just "plug" infinity into the polynomial & "evaluate" every term to finds out the

Velocity of a skydiver (calculus), using v=g/k(1-e^-kt) find the velocity o...

using v=g/k(1-e^-kt) find the velocity of the skydiver when k is 0.015

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