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

Matrices, how solve the inverse matrices using the matlab?

how solve the inverse matrices using the matlab?

Determine if the three vectors lie in similar plane or not, Determine if th...

Determine if the three vectors a → = (1, 4, -7), b → = (2, -1, 4) and c → = (0, -9, 18) lie in similar plane or not. Solution Thus, as we noted prior to this example al

Prove the equality of axiom choice, (1) Prove that Zorn's lemma is equivale...

(1) Prove that Zorn's lemma is equivalent to axiom of choice. (2) Use Zorn's Lemma to prove the existence of E.

Differential equation, Cos(x+y)+sin(x+y)=dy/dx(solve this differential equa...

Cos(x+y)+sin(x+y)=dy/dx(solve this differential equation)

Definition of random variables, Q. Definition of Random Variables? Ans...

Q. Definition of Random Variables? Ans. Up to this point, we have been looking at probabilities of different events. Basically, random variables assign numbers to element

Proper fractions, find all the kinds of fraction and give an 10 examples.

find all the kinds of fraction and give an 10 examples.

Describe the introduction to integers, Describe the Introduction to Integer...

Describe the Introduction to Integers ? Integers include the positive and negative whole numbers, such as -4, -3, -2, -1, 0, 1, 2, 3, 4, and so on. A negative number has a "

2 step equations, What is a two step equation that equals 8 ?

What is a two step equation that equals 8 ?

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers

Measurement of the sampling distribution, Caterer determines that 87% of p...

Caterer determines that 87% of people who sampled the food thought it was delicious. A random sample of 144 out of population of 5000 taken. The 144 are asked to sample the food. I

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