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

Math, what is 24566x12567=

what is 24566x12567=

Multiplication of two like terms with same signs, Case 1: Suppose we...

Case 1: Suppose we have two terms 7ab and 3ab. When we multiply these two terms, we get 7ab x 3ab = (7 x 3) a 1 + 1 . b 1 + 1  ( Therefore, x m . x n = x m +

3/8:5/9, how do I change this ratio to a fraction

how do I change this ratio to a fraction

Linear algebra, Let A be an n×n matrix. Then Show that the set U = {u?R^n ...

Let A be an n×n matrix. Then Show that the set U = {u?R^n : Au = -3un} is a Subspace of R^n

Multiplication example, Example  Multiply 3x 5 + 4x 3 + 2x - 1 ...

Example  Multiply 3x 5 + 4x 3 + 2x - 1 and x 4 + 2x 2 + 4. The product is given by 3x 5 . (x 4 + 2x 2 + 4) + 4x 3 . (x 4 + 2x 2 + 4) + 2x .

Show basic trigonometric functions, Q. Show basic Trigonometric Functions? ...

Q. Show basic Trigonometric Functions? Ans. There are six trigonometric functions and they can be defined using a right angle triangle. We first label each side according

What is deductive reasoning, What is Deductive Reasoning ? Geometry is...

What is Deductive Reasoning ? Geometry is based on a deductive structure -- a system of thought in which conclusions are justified by means of previously assumed or proved sta

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