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

#title.automotive cruise control system., What are some of the interestingm...

What are some of the interestingmodern developments in cruise control systems that contrast with comparatively basic old systems

Numerical method, The Stefan-Boltzmann law can be employed to estimate the ...

The Stefan-Boltzmann law can be employed to estimate the rate of radiation of energy H from a surface of copper sphere with radius = 0.15 ±0.01 m, as in H=AesT^4 where H is in watt

Average function value, Average Function Value The average value of a ...

Average Function Value The average value of a function f(x) over the interval [a,b] is specified by, f avg = (1/b-a) a ∫ b f(x) dx Proof We know that the average

Mod(z-25i)<15, Mod(Z-25i)   Sol) mod (Z-25i) means Z lies in the circumfer...

Mod(Z-25i)   Sol) mod (Z-25i) means Z lies in the circumference of the circle with (0,25) at its centre and radius less then 15. so difference in the max and min value of arg Z is

Calculate the area of circle, Calculate the area of CIRCLE ? A circle i...

Calculate the area of CIRCLE ? A circle is a set of all points that are at a given distance from a center point. The diameter (d) of a circle is the length of a line that goes

Hello, I am here to tell you, Alex has a cold.

I am here to tell you, Alex has a cold.

Who made clothes for, on april 26, jonh dough wrote a check#374 to Miller P...

on april 26, jonh dough wrote a check#374 to Miller Pharmacy for $16.00 , is this a deposit or withdrawal

Find the Regular Grammar for the following Regular Expressio, Find the Regu...

Find the Regular Grammar for the following Regular Expression: a(a+b)*(ab*+ba*)b.

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