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

Sketch the graph of h (t ) = 1 - 5e 1/(t/2), Sketch the graph of h (t ) = ...

Sketch the graph of h (t ) = 1 - 5e  1/(t/2) Solution : Let's primary get a table of values for this function. Following is the sketch. The major point behin

Find out a vector that is orthogonal to the plane, A plane is illustrated b...

A plane is illustrated by any three points that are in the plane.  If a plane consists of the points P = (1, 0,0) , Q = (1,1,1) and R = (2, -1, 3) find out a vector that is orthogo

Calculate area of a square, The area of a square is given by the formula wi...

The area of a square is given by the formula width time's height. But since the square has all the sides equal, the height is of the same measure as its width. Hence its formula is

Factoring out a common monomial factor, Factoring Out a Common Monomial Fac...

Factoring Out a Common Monomial Factor? Say you have a polynomial, like 3x 4 y - 9x 3 y + 12x 2 y2 z and you want to factor it. Your first step is always to look for t

What is the probability shane rolls a 5, Shane rolls a die numbered 1 by 6....

Shane rolls a die numbered 1 by 6. What is the probability Shane rolls a 5? From 2:15 P.M. to 4:15 P.M. is 2 hours. After that, from 4:15 P.M. to 4:45 P.M. is another half hour

Calculate the regular monthly payments, A washing machine, cash price $ 850...

A washing machine, cash price $ 850 is available on the following terms: A deposit of $ 100 followed by equal payments at the end of each month for the next 18 months, if intere

Shares and dividends, suresh invested rs.1080 in shares of face value rs.50...

suresh invested rs.1080 in shares of face value rs.50 at rs.54.After receiving dividend on them at 8% he sold them at 52.In each of the transaction he paid 2 % brokerage.Hpw much d

The Theory of Set, Set M= {m''s/m is a number from 5 to 10}

Set M= {m''s/m is a number from 5 to 10}

Calculus, application of radious of curvatur

application of radious of curvatur

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