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

Geometry, A closed conical vessel of radius 36 cm and height 60 cm, has som...

A closed conical vessel of radius 36 cm and height 60 cm, has some water. When vertex is down then the height of water is 12 cm. What is the height of water when vertex is up?

Solid mensuration, what is the importance of solid mensuration?

what is the importance of solid mensuration?

Analytical geometry, convert the equation 4x^2+4y^2-4x-12y+1=0 to standard ...

convert the equation 4x^2+4y^2-4x-12y+1=0 to standard form and determine the center and radius of the circle. sketch the graph.

Saddle point-game theory, Saddle Point This point in a pay off matrix i...

Saddle Point This point in a pay off matrix is one which is the largest value in its column and the smallest value in its row. This is also termed as equilibrium point in the t

Diffrence between rational and irrational numbers, Q. Diffrence between Rat...

Q. Diffrence between Rational and Irrational Numbers? Ans. A number which is not rational is called irrational. The word "irrational" sounds not quite right...as though th

Geometry, how much congruent sides does a trapezoid have

how much congruent sides does a trapezoid have

Word problems, A patient will receive hemodialysis for 2.5 hours. The amoun...

A patient will receive hemodialysis for 2.5 hours. The amount of fluid removed per hour is 1.4 liters. The total amount removed in liters, will be

Linda bought 35 yards of fencing how much did she spend, Linda bought 35 ya...

Linda bought 35 yards of fencing at $4.88 a yard. How much did she spend? To multiply decimals, multiply generally, count the number of decimal places in the problem, then us

Calculate the area of circle, Calculate the area of CIRCLE ? A circle i...

Calculate the area of CIRCLE ? A circle is a set of all points that are at a given distance from a center point. The diameter (d) of a circle is the length of a line that goes

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