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

Evaluate the area of the shaded region, Evaluate the area of the shaded reg...

Evaluate the area of the shaded region in terms of π. a. 8 - 4π b. 16 - 4π c. 16 - 2π d. 2π- 16 b. The area of the shaded region is same to the area of the squa

Simultaneous equations, i need a step by step guide to answering simultaneo...

i need a step by step guide to answering simultaneous equation for gcses

Eulers Method, Euler's Method Up to this point practically all differe...

Euler's Method Up to this point practically all differential equations which we've been presented along with could be solved. The problem along with this is which the exceptio

Algebra, Tom has five times as many marbles as Jim. together they have 42 m...

Tom has five times as many marbles as Jim. together they have 42 marbles. how many marbles does each has?

Topological spease, let X be a nonempty set. let x belong to X. show that t...

let X be a nonempty set. let x belong to X. show that the collection l={ union subset of X : union = empty or belong U

Slope-intercept form, Slope-intercept form The ultimate special form of...

Slope-intercept form The ultimate special form of the equation of the line is possibly the one that most people are familiar with.  It is the slope-intercept form.  In this if

Curve tracing, Trace the curve (x/a)^3/2+(y/b)^2/3=1

Trace the curve (x/a)^3/2+(y/b)^2/3=1

Write the equation of a circle, Example    Write down the equation of a cir...

Example    Write down the equation of a circle  alongwith radius 8 & center ( -4, 7 ) . Solution Okay, in this case we have r =8 , h = -4 and k = 7 thus all we have to do i

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