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

Determine the differential y = t 3 - 4t 2 + 7t, Determine the differentia...

Determine the differential for following.                                      y = t 3 - 4t 2 + 7t Solution Before working any of these we have to first discuss just

What is the expected value of perfect information, Question: The follow...

Question: The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature. (a) Construct a decision tr

Law of cosines - vector, Theorem a → • b → = ||a → || ||b → || cos• ...

Theorem a → • b → = ||a → || ||b → || cos• Proof Let us give a modified version of the diagram above. The three vectors above make the triangle AOB and note tha

What is the connecticut sales tax on this item, Connecticut state sales tax...

Connecticut state sales tax is 6%. Lucy purchases a picture frame in which costs $10.50 What is the Connecticut sales tax on this item? Find out 6% of $10.50 by multiplying $10

Show that the ratio of the volume of the sphere, A sphere and a cube have e...

A sphere and a cube have equal surface areas. Show that the ratio of the volume of the sphere to that of the cube is √6 : √π. Ans:    S.A. of sphere = S.A of cube    4π r 2

Solid Mensuration, The two sides of a triangle are 17 cm and 28 cm long, an...

The two sides of a triangle are 17 cm and 28 cm long, and the length of the median drawn to the third side is equal to 19.5 cm. Find the distance from an endpoint of this median to

Divides a given line-segment externally in the ratio of 1:2, Divides a give...

Divides a given line-segment externally in the ratio of 1:2 Construction: i )Draw BX making an actueangle at B. ii) Starting from B, mark 2 equal points on BX as shown in the f

Multiplication and division, you want to share 34 pencils among 6 friends ....

you want to share 34 pencils among 6 friends .How many would each friend get?

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