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

Number theory, formula for non negative solutions integral

formula for non negative solutions integral

Prove that x2 + y2 - 8x - 10y +39 = 0, If the points (5, 4) and (x, y) are ...

If the points (5, 4) and (x, y) are equidistant from the point (4, 5), prove that x 2 + y 2 - 8x - 10y +39 = 0. Ans :   AP = PB AP 2 = PB 2 (5 - 4) 2 + (4 - 5) 2 = (x

Abstract algebra, How many homomorphism are there from z2 to z3. Zn is grou...

How many homomorphism are there from z2 to z3. Zn is group modulo n

Integrals involving quadratics - integration techniques, Integrals Involvin...

Integrals Involving Quadratics To this point we have seen quite some integrals which involve quadratics.  Example of Integrals Involving Quadratics is as follow: ∫ (x / x 2

Fractions, A car travels 283 1/km in 4 2/3 hours .How far does it go in 1 h...

A car travels 283 1/km in 4 2/3 hours .How far does it go in 1 hour?

Solution of quadratic equations, Solution of quadratic equations, please pr...

Solution of quadratic equations, please provide me the assignment help for solving the quadratic equations.

Square numbers, determine the square of the following numbers ... a.8 b.13 ...

determine the square of the following numbers ... a.8 b.13 c.17 and d.80

Linear programming, As office manager of her firm, Marcellyne has been dir...

As office manager of her firm, Marcellyne has been directed to buy new filing cabinets. She knows that cabinet A costs $10, requires 6 square feet of floor space, and holds 9 cubic

Mean, Jocelyn has 6 birds, Their mean age is 10. The mode of their ages is ...

Jocelyn has 6 birds, Their mean age is 10. The mode of their ages is 8. What might their ages be? Show your work.

Math project , Topic 1: Statistical Studies Find two different news storie...

Topic 1: Statistical Studies Find two different news stories in a mainstream media source (CNN, FoxNews, Newsweek, etc.), that cite data from a recognized poling agency. Locate th

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