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

Explain expressions, Explain Expressions ? "One set of absolute value s...

Explain Expressions ? "One set of absolute value signs can only take the absolute value of one number." For example, For the absolute value of negative six plus three,

Express the product of -9p3r and the quantity 2p - 3r, Express the product ...

Express the product of -9p3r and the quantity 2p - 3r in simplified form. The translated expression would be -9p3r(2p - 3r). Noticed that the key word product means multiply.

Evaluate of the largest angle, The measures of the angles of a triangle are...

The measures of the angles of a triangle are in the ratio of 3:4:5. Evaluate of the largest angle. a. 75° b. 37.5° c. 45° d. 60° a. The addition of the measures of t

determine that the relation is symmetric and transitive, 1. Let R and S be...

1. Let R and S be relations on a set A. For each statement, conclude whether it is true or false. In each case, provide a proof or a counterexample, whichever applies. (a) If R

Matrices, Ask qudefination of empty matrixestion #Minimum 100 words accepte...

Ask qudefination of empty matrixestion #Minimum 100 words accepted#

Earth Day Bags, #question.I headed into Target in Webster, NY for an advert...

#question.I headed into Target in Webster, NY for an advertized free Earth Day Bag in (local newspaper and on your entrance store doors) and at 10:30 a.m. on Sunday, April 22nd, th

Determine equation of tangent line, Determine equation of the tangent line ...

Determine equation of the tangent line to f (x) = 4x - 8 √x  at x = 16 . Solution : We already know that the equation of a tangent line is specified by,

Help me please, Cristiano Ronaldo runs 33.6 kilometres per hour. Usain Bolt...

Cristiano Ronaldo runs 33.6 kilometres per hour. Usain Bolt set world record for running 100 m at 9.58 sec. Show me how to compare these two sportsmen. Step by step.

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