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

Methods for doing integral, There are really three various methods for doin...

There are really three various methods for doing such integral. Method 1: This method uses a trig formula as,  ∫sin(x) cos(x) dx = ½ ∫sin(2x) dx = -(1/4) cos(2x) + c

Marketing mix, 1) Identify key characteristics of product or services and e...

1) Identify key characteristics of product or services and estimate their significance to the market 2) Identify and analyse level of customer service provision to determine its si

Representation of a set, Normally, sets are given in the various ways A)...

Normally, sets are given in the various ways A) ROASTER FORM OR TABULAR FORM In that form, we describe all the member of the set within braces (curly brackets) and differen

Give an example of numerator and denominator, Give an example of Numerator ...

Give an example of Numerator and Denominator? Fractions represent parts of a whole object. Fractions are written using a horizontal line, with one number on top of the line and

Detemine the amplitude of trigonometric function, 1. Consider the trigonome...

1. Consider the trigonometric function f(t) = (a) What is the amplitude of f(t)? (b) What is the period of f(t)? (c) What are the maximum and minimum values attained by

Developing estimation skills in maths, DEVELOPING ESTIMATION SKILLS :  A s...

DEVELOPING ESTIMATION SKILLS :  A study was done with some Class 3 and Class 4 children of five village schools to gauge how well they had understood the standard algorithms. The

D, similar triangles diagram

similar triangles diagram

Determine the differential y = t 3 - 4t 2 + 7t, Determine the differentia...

Determine the differential for following.                                      y = t 3 - 4t 2 + 7t Solution Before working any of these we have to first discuss just

Find the area of shaded region, Find the area of shaded region, if the side...

Find the area of shaded region, if the side of square is 28cm and radius of the sector is ½ the length of side of square.

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