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

Relation between hieght, volume=(1/3)(pi)(radius of base)2(height) curved ...

volume=(1/3)(pi)(radius of base)2(height) curved surface area=(pi)(r)(l), r is radius of base and l is length of straight line connecting apex of cone with point on edge of base

System of differential equations for the population, Write down the system ...

Write down the system of differential equations for the population of both predators and prey by using the assumptions above. Solution We will start off through letting that

Operation research, details about criticl part time & pert method

details about criticl part time & pert method

Factors in denominator and partial fraction decomposition, Factors in Denom...

Factors in Denominator and Partial Fraction Decomposition Factor in denominator Term in partial  fraction decomposition   ax + b

Optimization, Optimization : In this section we will learn optimization p...

Optimization : In this section we will learn optimization problems.  In optimization problems we will see for the largest value or the smallest value which a function can take.

Chanllenge, a pizza driver delivered 27 pizzas in one night he delivered mo...

a pizza driver delivered 27 pizzas in one night he delivered more then one pizza to only one house . every other house he only delivered pizza to 18 houses . how many pizzas did he

Mdm4uc, The number of hours spent studying and achievement on an exam

The number of hours spent studying and achievement on an exam

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