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

Funtions, find the no of solution of 2*3*4*5*6*6

find the no of solution of 2*3*4*5*6*6

What distances from the two gates should the pole, A pole has to be erected...

A pole has to be erected at a point on the boundary of a circular park of diameter 13m in such a way that the differences of its distances from two diametrically opposite fixed gat

What is the probability of choosing a red ball, Q. What is the probability ...

Q. What is the probability of choosing a red ball? Ans. A box contains a red, blue and white ball. Two are drawn with replacement. (This means that one ball is selected, i

Integers, hi i would like to ask you what is the answer for [-9]=[=5] grade...

hi i would like to ask you what is the answer for [-9]=[=5] grade 7

Find how much more space than the toy it will cover, A Solid toy in the for...

A Solid toy in the form of a hemisphere surmounted by the right circular cone of height  2cm  and  diameter  of  the  base  4  cm .If  a right  circular  cylinder circumscribes the

Unbounded intervals, Intervals which extend indefinitely in both the ...

Intervals which extend indefinitely in both the directions are known as unbounded intervals. These are written with the aid of symbols +∞  and -  ∞  . The various types

Formulas, how many formulas there for the (a-b)2

how many formulas there for the (a-b)2

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