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

#titl., class 10 Q.trigonometric formula of 1 term

class 10 Q.trigonometric formula of 1 term

Prove that the ratio of the sum of odd terms, If there are (2n+1)terms  in ...

If there are (2n+1)terms  in an AP ,prove that the ratio of the sum of odd terms and the sum of even terms is (n+1):n Ans:    Let a, d be the I term & Cd of the AP. ∴ ak =

Modeling - nonhomogeneous systems, Under this section we're going to go bac...

Under this section we're going to go back and revisit the concept of modeling only now we're going to look at this in light of the fact as we now understand how to solve systems of

Evaluate of the largest angle, The measures of the angles of a triangle are...

The measures of the angles of a triangle are in the ratio of 3:4:5. Evaluate of the largest angle. a. 75° b. 37.5° c. 45° d. 60° a. The addition of the measures of t

Show that positive integers is divisible by 6, Show that the product of 3 c...

Show that the product of 3 consecutive positive integers is divisible by 6. Ans: n,n+1,n+2 be three consecutive positive integers We know that n is of the form 3q, 3q +1

One-to-one correspondence in learning maths, How does your answer to this q...

How does your answer to this question compare with mine, which follows? i) To begin with, 1 laid the beads out in a row for counting, so that I wouldn't leave any out or count a

Vectors, why minimum three coplanar vectors are required to give zero resul...

why minimum three coplanar vectors are required to give zero resultant and not two?

Find the probability distribution of x, If a pair of dice is thrown and X d...

If a pair of dice is thrown and X denotes the sum of the numbers on them. Find the probability distribution of X.Also find the expectation of X.     SOLUTION:    In a singl

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