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

Fractions, is 1 and 1/2+2 and 1/7 3 and 9/4

is 1 and 1/2+2 and 1/7 3 and 9/4

Determine the length of the longer base, The longer base of a trapezoid is ...

The longer base of a trapezoid is 3 times the shorter base. The nonparallel sides are congruent. The nonparallel side is 5 cm more that the shorter base. The perimeter of the trape

Derive a boolean first-order query, Consider a database whose universe is a...

Consider a database whose universe is a finite set of vertices V and whose unique relation .E is binary and encodes the edges of an undirected (resp., directed) graph G: (V, E). Ea

Quadratic equations, Q UADRATIC EQUATIONS: For  the  things  of this  wor...

Q UADRATIC EQUATIONS: For  the  things  of this  world  cannot  be  made  known without  a  knowledge of mathematics. Solve by factorization a.    4x 2 - 4a 2 x +

Generic rectangle puzzle solve, What do you need to multiply 30 by to get 1...

What do you need to multiply 30 by to get 1500? This will give you the top edge length of the rectangle. Can you then figure out what must go below the 30 in order to get the area

What is angle pairs in parallel lines, What is Angle Pairs in Parallel Line...

What is Angle Pairs in Parallel Lines ? Next, we introduce several angle pairs formed by transversals which are very important in our study of geometry. Alternate interior an

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