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

Solve 4 cos(t )= 3 on[-8, Solve 4 cos(t )= 3 on[-8,10]. Solution : Here...

Solve 4 cos(t )= 3 on[-8,10]. Solution : Here the first step is identical to the problems in the previous section. First we need to isolate the cosine on one side by itself & t

Evaluate distance traveled by train, Evaluate distance traveled by train: ...

Evaluate distance traveled by train: A plane flying at 525 miles per hour completes a trip in 2 hours less than another plane flying at 350 miles per hour.  What is the distan

Give introduction to pythagorean theorem, Give Introduction to Pythagorean ...

Give Introduction to Pythagorean Theorem ? The Pythagorean Theorem says that for any right triangle: a 2 + b 2 = c 2 , where c is the hypotenuse, and a and b are the legs. T

Cylinder - three dimensional spaces, Cylinder The below equation is th...

Cylinder The below equation is the common equation of a cylinder. x 2 /a 2 + y 2 /b 2 = 1 This is known as a cylinder whose cross section is an ellipse.  If a = b we

Fft algorithm, (a) Using interpolation, give a polynomial f ∈ F 11 [x] of d...

(a) Using interpolation, give a polynomial f ∈ F 11 [x] of degree at most 3 satisfying f(0) = 2; f(2) = 3; f(3) = 1; f(7) = 6 (b) What are all the polynomials in F 11 [x] which

Parent, Sam has 18 marbles. Dean has 3 marbles. Dean has ---- as many marbl...

Sam has 18 marbles. Dean has 3 marbles. Dean has ---- as many marbles as Sam?

Explain the dependent events, Explain the Dependent Events? Events are ...

Explain the Dependent Events? Events are called dependent events when the outcome of one event influences the outcome of the second event. P(A and B) = P(A) P(B following A

5th grader, my qustion is how do you muliply frations

my qustion is how do you muliply frations

Excel, do you guys have excel math

do you guys have excel math

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