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

Find out the volume of the solid method of disks , Find out the volume of t...

Find out the volume of the solid obtained by rotating the region bounded by y = x 2 - 4x + 5 , x = 1 , x = 4 , and the x-axis about the x-axis. Solution : The firstly thing t

Find the constant height at which the jet is flying, The angle of ...

The angle of elevation of a jet fighter from a point A on the ground is 600. After a flight of 15 seconds, the angle of elevation changes to 300. If the jet is flying at a speed  o

Numerical analysis, Please,I Want to know and study for stability on predi...

Please,I Want to know and study for stability on predictor -corrector for numerical integration method

Find the sum of first 40 positive integers, Find the sum of first 40 positi...

Find the sum of first 40 positive integers divisible by 6 also find the sum of first 20 positive integers divisible by 5 or 6. Ans:          No's which are divisible by 6 are

Limit problem, limit x-a/|x-a| equals x-a [a]a [b]0 [c]-a [d]none 0f these

limit x-a/|x-a| equals x-a [a]a [b]0 [c]-a [d]none 0f these

.fractions, what is the difference between North America''s part of the tot...

what is the difference between North America''s part of the total population and Africa''s part

Logic, INSTRUCTIONS: Construct a regular proof to derive the conclusion of ...

INSTRUCTIONS: Construct a regular proof to derive the conclusion of the following argument: 1. H v (~T > R) 2. Hv (E > F) 3. ~T v E 4. ~H & D / R v F INSTRUCTIONS: Con

Real analysis, Let {An} be sequence of real numbers. Define a set S by: S={...

Let {An} be sequence of real numbers. Define a set S by: S={i ? N : for all j > i, ai

Roof-finding using steffensen''s method, write a computer program that will...

write a computer program that will implement Steffensen''s method.

probability problems, A school principal is looking at the combinations of...

A school principal is looking at the combinations of subjects students are studying. He learns that the probability that a student is studying Chemistry is 0.5 and that the prob

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