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

501, Ask queThe low temperature in Anchorage, Alaska today was -4°F. The lo...

Ask queThe low temperature in Anchorage, Alaska today was -4°F. The low temperature in Los Angeles, California was 63°F. What is the difference in the two low temperatures?stion #M

Which of the subsequent represents the cost y of phone call, A telephone co...

A telephone company charges $.35 for the first minute of a phone call and $.15 for each additional minute of the call. Which of the subsequent represents the cost y of a phone call

Simplified radical form, If we "break up" the root into the total of two pi...

If we "break up" the root into the total of two pieces clearly we get different answers. Simplified radical form: We will simplify radicals shortly so we have to next

Area of a parallelogram x what is the height in terms of x, The area of a p...

The area of a parallelogram is x 8 . If the base is x 4 , what is the height in terms of x? Since the area of a parallelogram is A = base times height, then the area divided by

Kara brought $23 with her when she went shopping, Kara brought $23 with her...

Kara brought $23 with her when she went shopping. She spent $3.27 for lunch and $14.98 on a shirt. How much money does she have left? The two items that Kara bought must be sub

Shares and dividends, at what price 6.25% rs 100 share be quoted when the m...

at what price 6.25% rs 100 share be quoted when the money is worth 5%

Find where the breakdown occurred and his original speed, A cyclist, after ...

A cyclist, after riding a certain distance, stopped for half an hour to repair his bicycle, after which he completes the whole journey of 30km at half speed in 5 hours.  If the bre

Example of graphical technique of linear equations, Explain the Graphical T...

Explain the Graphical Technique of Linear Equations by using this figure.

Linear programming, As office manager of her firm, Marcellyne has been dir...

As office manager of her firm, Marcellyne has been directed to buy new filing cabinets. She knows that cabinet A costs $10, requires 6 square feet of floor space, and holds 9 cubic

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