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 this distance expressed in standard notation, The distance from the...

The distance from the sun to the earth is approximately 9.3 × 10 7 miles. What is this distance expressed in standard notation? In order to convert this number to standard not

Correlation coefficient, Correlation coefficient - These are numerical...

Correlation coefficient - These are numerical measures of the correlations existing between the independent and the dependent variables - These are better measures of corre

Define markov process, Define Markov process. Markov process is one in...

Define Markov process. Markov process is one in which the future value is independent of the past values, given the current value

Ronding off numbers, how to round off numbers to the nearest tens and to th...

how to round off numbers to the nearest tens and to the nearest hundred

Write down the first few terms of the sequences, Write down the first few t...

Write down the first few terms of each of the subsequent sequences. 1. {n+1 / n 2 } ∞ n=1 2. {(-1)n+1 / 2n} ∞ n=0 3. {bn} ∞ n=1, where bn = nth digit of ? So

Problem, a mixture of 40 liters of milk and water contains 10% water.how mu...

a mixture of 40 liters of milk and water contains 10% water.how much water should be added to this so that water my be 20% in the new mixture

Arc length for parametric equations, Arc Length for Parametric Equations ...

Arc Length for Parametric Equations L = ∫ β α √ ((dx/dt) 2 + (dy/dt) 2 ) dt Note: that we could have utilized the second formula for ds above is we had supposed inste

Explain simple classification and chance and probability, E1) From your exp...

E1) From your experience, and what you have studied so far, by which age would-you expect an average child to be ready to acquire the following concepts? i) Simple classificatio

Matrix, how to solve for x

how to solve for x

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