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

Domain and range of a function , Domain and range of a functio:  One of th...

Domain and range of a functio:  One of the more significant ideas regarding functions is that of the domain and range of a function. In simplest world the domain of function is th

Error in measurement, what is actual error and how do you find percentage e...

what is actual error and how do you find percentage error

Estimate what is the thickness of the paper, Kenny used a micrometer to mea...

Kenny used a micrometer to measure the thickness of a piece of construction paper. The paper measured halfway among 0.24 millimeters and 0.25 millimeters. What is the thickness of

Good investment, Realtors estimate that 23% of homes purchased in 2004 were...

Realtors estimate that 23% of homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained what is the probability that at most

System of first order equations, Consider the Van der Pol oscillator x′′...

Consider the Van der Pol oscillator x′′- µ(1 - x 2 )x′ + x = 0 (a) Write this equation as a system of first order equations (b) Taking µ = 2, use MatLab's routine ode45 to

External forces, It is the catch all force. If there are some other forces ...

It is the catch all force. If there are some other forces which we decide we need to act on our object we lump them in now and call this good. We classically call F(t) the forcing

Engg maths, How to get assignment to solve and earn money

How to get assignment to solve and earn money

Calculus , Mean, variance, skewness and kurtosis of a probability density f...

Mean, variance, skewness and kurtosis of a probability density function f(r)that has a distribution of a passive scalar filed in a stationary isotropic turbulence for initial condi

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