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

Minimizes the sum of the two distance, The value of y that minimizes the su...

The value of y that minimizes the sum of the two distances from (3,5) to (1,y) and from (1,y) to (4,9) can be written as a/b where a and b are coprime positive integers. Find a+b.

General solution to a differential equation, The general solution to a diff...

The general solution to a differential equation is the most common form which the solution can take and does not take any initial conditions in account. Illustration 5: y(t) =

Multiplication of two like terms with opposite signs, The product of -7ab a...

The product of -7ab and +3ab is (-7 x 3) a 2  b 2  = -21a 2  b 2 . In other words, a term with minus sign when multiplied with a term having a positive sign, gives a product having

Negative three and positive eight inclusive represent y, The value of y is ...

The value of y is among negative three and positive eight inclusive. Which of the subsequent represents y? This inequality displays a solution set where y is greater than or eq

Fractions, how do I solve 14/27 - 23/27 =

how do I solve 14/27 - 23/27 =

Find Equation of the circle, The line 4x-3y=-12 is tangent at the point (-3...

The line 4x-3y=-12 is tangent at the point (-3,0) and the line 3x+4y=16 is tangent at the point (4,1). find the equation of the circle. solution) well you could first find the ra

INVESTING MONEY, HOW MANY SHARES CAN I BUY WITH 1000 DOLLARS

HOW MANY SHARES CAN I BUY WITH 1000 DOLLARS

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