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

Angles, how do you workout the value of the missing angle

how do you workout the value of the missing angle

Determine the laplace transform of the probability , 1. Let , where  ar...

1. Let , where  are independent identically distributed random variables according to an exponential distribution with parameter μ. N is a Binomially distribut

Difference between absolute and relative in the definition, Difference betw...

Difference between absolute and relative in the definition Now, let's talk a little bit regarding the subtle difference among the absolute & relative in the definition above.

Numerical methods, Consider the following interpolation problem: Find a q...

Consider the following interpolation problem: Find a quadratic polynomial p(x) such that p(x0) = y0 p’(x1) = y’1 , p(x2) = y2 where x0 is different from x2 and y0, y’1 , y2 a

The service was wonderful how much is a 20% tip, Melisa and Jennifer threw ...

Melisa and Jennifer threw a fiftieth birthday party for their father at a local restaurant. While the bill came, Melisa added a 15% tip of $42. Jennifer said in which the service w

The perimeter of a rectangle is 104 inches find out width, The perimeter of...

The perimeter of a rectangle is 104 inches. The width is 6 inches less than 3 times the length. Find out the width of the rectangle. Let l = the length of the rectangle and let

Finf the value of x or y from given liner equation, 41x + 53y = 135, 53x +4...

41x + 53y = 135, 53x +41y =147 Ans:    41x + 53 y = 135, 53 x + 41 y = 147 Add the two equations : Solve it, to get ... x + y = 3 -------(1) Subtract : Solve it , to

Sequence and series, Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+.....

Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+...+15+17)=

Algebra, Evaluate: 30 - 12÷3×2 =

Evaluate: 30 - 12÷3×2 =

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