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

Market testing, what are the dangers of not market testing a product

what are the dangers of not market testing a product

The volume and surface area of this solid , The region bounded by y=e -x a...

The region bounded by y=e -x and the x-axis among x = 0 and x = 1 is revolved around the x-axis. Determine the volume and surface area of this solid of revolution.

Cartesian product-categories of multiplication, Cartesian product - situat...

Cartesian product - situations in which the total number of ordered pairs (or triples, or ...) are do be found. (e.g., if Hari makes 'dosas' of 3 different sizes, with 4 different

Arithmetic progressions, ARITHMETIC PROGRESSIONS: One  of the  endlessly a...

ARITHMETIC PROGRESSIONS: One  of the  endlessly alluring  aspects  of mathematics  is  that its thorniest  paradoxes have  a  way  of blooming  into  beautiful  theories Examp

Law of Sine and Cosine Word Problems, A poll tilts towards the sun at an 8 ...

A poll tilts towards the sun at an 8 o angle from the vertical at it casta 22-ft shadow. The angle of elevation from the shadow to the top of the pole is 43 o . How tall is th

Simple interest, write a program C++ programming language to calculate sim...

write a program C++ programming language to calculate simple interest, with it algorithm and it flowchart

Logic family, what are the characteristic of digital ic

what are the characteristic of digital ic

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