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

Estimation of difference among two means, Estimation of difference among tw...

Estimation of difference among two means We know that the standard error of a sample is given by the value of the standard deviation (σ) divided by the square root of the numbe

Linear Programming, describe phases of operations research study ?

describe phases of operations research study ?

Horizontal tangents for parametric equations, Horizontal tangents for Param...

Horizontal tangents for Parametric Equations Horizontal tangents will take place where the derivative is zero and meaning of this is that we'll get horizontal tangent at value

Find the value of p and q for which the system of equations, Find the value...

Find the value of p and q for which the system of equations represent coincident lines 2x +3y = 7, (p+q+1)x +(p+2q+2)y = 4(p+q)+1 Ans: a 1  = 2, b 1 = 3, c 1 = 7 a 2  =

Calculus, find or evaluate the integral integrate((e^2x + e^x + 1)/(e^x))dx...

find or evaluate the integral integrate((e^2x + e^x + 1)/(e^x))dx

Evaluate relate rate in shape of a cone a tank , In the shape of a cone a t...

In the shape of a cone a tank of water is leaking water at a constant rate of 2 ft 3 /hour .  The base radius of the tank is equal to 5 ft and the height of the tank is 14 ft.

Tangents, two circle of radius of 2cm &3cm &diameter of 8cm dram common tan...

two circle of radius of 2cm &3cm &diameter of 8cm dram common tangent

Arc length formula - applications of integrals, Arc length Formula L = ...

Arc length Formula L = ∫ ds Where ds √ (1+ (dy/dx) 2 ) dx                                     if y = f(x), a x b ds √ (1+ (dx/dy) 2 ) dy

Graphing linear equtions, Determine whether each equation is a linear equat...

Determine whether each equation is a linear equation. If yes, write the equation in standard form. y=2x+5

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