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

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

Describe the sample of exponents , Describe the Sample of Exponents ? I...

Describe the Sample of Exponents ? Imagine, for example, that you are the P.E. coach at your school, and you need to divide one of your classes into teams. Your team has 45 stu

If 6 more black balls are put in the box find x, A box contains 12 balls ou...

A box contains 12 balls out of which x are black. If one ball is drawn at random from the box, what is the probability that it will be a black ball? If 6 more black balls are put i

Are parrellel meet at infinity?, no the parallel lines do not meet at infin...

no the parallel lines do not meet at infinity because the parallel lines never intersect each other even at infinity.if the intersect then it is called perpendicuar lines

Linear equation in two variables., draw the graph of following pair of line...

draw the graph of following pair of linear equation:-2y=4x-6

Addition and subtraction of rational expressions, Now come to addition and ...

Now come to addition and subtraction of rational expressions.  Following are the general formulas.  (a/c) + (b/c) = (a + b)/c

Sketch the exponental graph of f( x )=2x and g( x )= 1/2 , Example Sketc...

Example Sketch the graph of following f( x ) = 2x  and  g( x ) = ( 1 /2) x Solution Let's firstly make a table of values for these two functions. Following is

Rounding, what is the nearest ten thousand of 92,892?

what is the nearest ten thousand of 92,892?

Calculus online, need help completing my online text. can provide login det...

need help completing my online text. can provide login details

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