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

Bisection method and the newton method, 1. Write two m-files, one for the b...

1. Write two m-files, one for the bisection method and another for Newton's method. 2. Using both the Bisection method and the Newton method answer the following: Include th

Student, Patio measures 24 meters square. Patio stone are 30 cm each side. ...

Patio measures 24 meters square. Patio stone are 30 cm each side. How many stones are required to cover the patio?

Alegrabra, how do you do algebra with division

how do you do algebra with division

Simple harmonic motion, prove that the composition of two simple harmonic o...

prove that the composition of two simple harmonic of the same period and in the same straight line is also a simple harmonic motion of the same period.

Tangents, find a common tangent to two circles

find a common tangent to two circles

representative value or an extreme value, A population forms a normal dist...

A population forms a normal distribution with a mean of μ=80 and a standard deviation of o=15. For every samples, compute the z-score for the sample mean and determine whether the

#i need help on my math homework its on algabraitle.., The question is: If ...

The question is: If 0.2 x n = 1.4,what is the value of n.

How to solving one-step equations, How to Solving One-Step Equations? E...

How to Solving One-Step Equations? Equations, where one math operation is acting on the variable, can be solved in one step. The trick is to get the variable x by itself - isol

Prove that x2 + y2 - 8x - 10y +39 = 0, If the points (5, 4) and (x, y) are ...

If the points (5, 4) and (x, y) are equidistant from the point (4, 5), prove that x 2 + y 2 - 8x - 10y +39 = 0. Ans :   AP = PB AP 2 = PB 2 (5 - 4) 2 + (4 - 5) 2 = (x

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