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

What is the approximate cost of 1 binder and 1 pen, At the school bookstore...

At the school bookstore and two binders and three pens cost $12.50. Three binders and five pens cost $19.50. What is the approximate cost of 1 binder and 1 pen? Let x = the cos

Example of inflection point-differential equation, Example of inflection po...

Example of inflection point Determine the points of inflection on the curve of the function y = x 3 Solution The only possible inflexion points will happen where

Course work2 , (b) The arity of an operator in propositional logic is the n...

(b) The arity of an operator in propositional logic is the number of propositional variables that it acts on – for example, binary operations (e.g, AND, OR, XOR…) act on two propo

Shares and divident, A man invest ?13500 partly in shares paying 6% at ?140...

A man invest ?13500 partly in shares paying 6% at ?140 and partly in 5% at 125.If he is tolal income is 560, how much has he invested in each?

Relative maximum point, Relative maximum point The above graph of the ...

Relative maximum point The above graph of the function slopes upwards to the right between points C and A and thus has a positive slope among these two points. The function ha

How to converting percents to fractions, How to Converting Percents to Frac...

How to Converting Percents to Fractions ? To convert a percent to a fraction: 1. Remove the percent sign. 2. Create a fraction, in which the resulting number from Step 1 is

Determine the height of the washington monument, Determine the height of th...

Determine the height of the Washington Monument to the nearest tenth of a meter. a. 157.8 m b. 169.3 m c. 170.1 m d. 192.2 m c. The height of the monument is the add

How several miles did joe walk altogether, Joe walked 2 1/2 miles to school...

Joe walked 2 1/2 miles to school, 1/3 mile to work, and 1 1/4 miles to his friend's house. How several miles did Joe walk altogether? To find out the total distance walked, add

Ratio, There are only Chinese and Malay pupils in a hall.The ratio of the n...

There are only Chinese and Malay pupils in a hall.The ratio of the number of boys to the number of girls is 2:3.The ratio of the number of Chinese boys to the number of Malay boys

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