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

Geometry, if two circles O and O''intersect in two points, A and B, the the...

if two circles O and O''intersect in two points, A and B, the the line segment OO is what?

If tan2x.tan7x=1 , tan9x = (tan7x + tan2x)/(1 - tan7x*tan2x) here its give...

tan9x = (tan7x + tan2x)/(1 - tan7x*tan2x) here its given 1 - tan2x*tan7x= 0 implies tan9x = infinity since tan9x = (3tan3x - tan^3(3x))/(1 - 3tan^2 (3x)) = infinity implies

Chp 8 Study, Center and Radius 1)(x+2)^2-(y-3)^2=4

Center and Radius 1)(x+2)^2-(y-3)^2=4

Determine and classify all critical points , Determine and classify all the...

Determine and classify all the critical points of the given function.  Described the intervals where function is increasing & decreasing. Solution: Firstly we'll require

Find the sum of given equation upto n limit, Find the sum of (1 - 1/n ) + (...

Find the sum of (1 - 1/n ) + (1 - 2/n ) + (1 - 3/n ) ....... upto n terms. Ans: (1 - 1/n ) + (1 - 2/n ) - upto n terms   ⇒[1+1+.......+n terms] - [ 1/n + 2/n +....+

Linear equations in one variable, three prices are to be distributed in a q...

three prices are to be distributed in a quiz contest.The value of the second prize is five sixths the value of the first prize and the value of the third prize is fourfifth that of

Determine probability , You are going on a road trip and you buy snack pack...

You are going on a road trip and you buy snack packs and three different kind of beverages.  You buy 7 Cokes, 5 Pepsis and 4 Dr. Peppers.  You pull out two beverages at random.  An

., round 64 to the nearest 10

round 64 to the nearest 10

Define euler circuit and euler path, Define Euler Circuit and Euler Path.  ...

Define Euler Circuit and Euler Path.  Which of the following graphs have an Euler circuit and Euler path.

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