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

Substitute 6 for r in the formula a = r^2 and solve for a, Find the area of...

Find the area of a circle along with a radius of 6 inches. The formula for the area of a circle is A = πr 2 . Use 3.14 for π. Substitute  6 for r in the formula A = πr 2 and solve

Calculate the probability, Coal is carried from a rrrine in West Virginia t...

Coal is carried from a rrrine in West Virginia to a power plant in New York in hopper cars on a long train. The automatic hopper car loader is set to put 36 tons of coal in each ca

Inverse function, how to solve the equation of an inverse function

how to solve the equation of an inverse function

Find k to three decimal places, The population of a city is observed as gro...

The population of a city is observed as growing exponentially according to the function P(t) = P0 e kt , where the population doubled in the first 50 years. (a) Find k to three

Percentage, of all those survey 390 were under 18 years of age if 20%were 1...

of all those survey 390 were under 18 years of age if 20%were 18, how many responded to the survey

PROBABILITY.., Urn A contains 1 white,2 black and 3 red balls;Urn B contain...

Urn A contains 1 white,2 black and 3 red balls;Urn B contains 2 white,1 black and 1 red balls;and Urn C contains 4 white,5 black and 3 red balls.One urn is chosen at random and two

Laws of logarithms, express each logariths in terms of log3 P and log3 Q. 1...

express each logariths in terms of log3 P and log3 Q. 1. log3 P^2 Q^3

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