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

Math134, how to sketch feasible set

how to sketch feasible set

Indices, 16 raised to the power x eqaual to x raised to the power 2. find x...

16 raised to the power x eqaual to x raised to the power 2. find x

Test, a piece of ribbon measures 2,25 meters . it is cut in half . how long...

a piece of ribbon measures 2,25 meters . it is cut in half . how long is one half of the ribbon

Calculus online, need help completing my online text. can provide login det...

need help completing my online text. can provide login details

Which of the following sets are equal, Which of the following sets are equa...

Which of the following sets are equal? S 1 = {1, 2, 2, 3}, S 2 = {x | x 2 - 2x + 1 = 0}, S 3 = {1, 2, 3}, S 4 = {x | x 3 - 6x

Ratio lanquage, Alexis needs to paint the four exterior walls of a large re...

Alexis needs to paint the four exterior walls of a large rectangular barn. the length of the barn is 80 feet the width is 50 feet and the height is 30 feet. The pain costs 28 dolla

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