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

Standard deviation, i need to work out the standard deviation of 21.4

i need to work out the standard deviation of 21.4

Plus, 236+2344+346=

236+2344+346=

Find the coordinates of c , Plot the points A(2,0) and B (6,0) on a graph p...

Plot the points A(2,0) and B (6,0) on a graph paper. Complete an equilateral triangle ABC such that the ordinate of C be a positive real number .Find the coordinates of C   (Ans: (

Determine the conditional probability, Consider a class of 55 students. The...

Consider a class of 55 students. The student names are placed in a hat and 3 names are randomly drawn without replacement. a) If the first person drawn was named the class presi

Calculate values of the derivative, First, see that the right hand side of ...

First, see that the right hand side of equation (2) is a polynomial and thus continuous. This implies that this can only change sign if this firstly goes by zero. Therefore, if the

Just Mixed Number and Fractions, Brent covered 3 1/5 by a number and got 4 ...

Brent covered 3 1/5 by a number and got 4 1/2 what number dis he divide by? The answer is either 1 9/16, or 32/45. Which one is the answer, and how did you get it?

Determine the numbers of sides in regular polygon, If each interior angle o...

If each interior angle of a regular polygon has a calculated as of 144 degrees, Determine the numbers of sides does it have? a. 8 b. 9 c. 10 d. 11   c. The measur

Describe the system with 3 variables, Describe the System with 3 Variables ...

Describe the System with 3 Variables ? This is an example of solving a system of equations using the substitution method. Warning: You will not understand this example if you

Making connections with maths, MAKING CONNECTIONS :  you have read about w...

MAKING CONNECTIONS :  you have read about what the ability to think mathematically involves. In this section we shall discuss ways of developing this ability in children. As yo

Project, report on shares and dividend using newspaper

report on shares and dividend using newspaper

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