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

Integration, what is integration and how is it important

what is integration and how is it important

Find the number of ways to arrange words, Q. Find the number of ways three ...

Q. Find the number of ways three letter "words" can be chosen from the alphabet if none of the letters can be repeated? Solution:  There are 26 ways of choosing the first lett

If 0.3 is added to 0.2 times the quantity x - 3, If 0.3 is added to 0.2 tim...

If 0.3 is added to 0.2 times the quantity x - 3, the result is 2.5. What is the value of x? The statement, "If 0.3 is added to 0.2 times the quantity x - 3, the result is 2.5,

Good investment, Realtors estimate that 23% of homes purchased in 2004 were...

Realtors estimate that 23% of homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained what is the probability that at most

What is the volume of the water required to fill the pool, A circular pool ...

A circular pool is filling along with water. Supposing the water level will be 4 ft deep and the diameter is 20 ft, what is the volume of the water required to fill the pool? (π =

Rules of integration, Rules of Integration 1. If ...

Rules of Integration 1. If 'k' is a constant then ∫Kdx =  kx + c 2. In

Trignometry, prove that cos(a)/1-sin(a)=tan(45+A/2)

prove that cos(a)/1-sin(a)=tan(45+A/2)

Differential equation, Suppose a fluid (say, water) occupies a domain D? R^...

Suppose a fluid (say, water) occupies a domain D? R^(3 ) and has velocity field V=V(x, t). A substance (say, a day) is suspended into the fluid and will be transported by the fluid

Evaluate distance traveled by train, Evaluate distance traveled by train: ...

Evaluate distance traveled by train: A plane flying at 525 miles per hour completes a trip in 2 hours less than another plane flying at 350 miles per hour.  What is the distan

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