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

Level curves or contour curves - three dimensional space, Level Curves or C...

Level Curves or Contour Curves Another topic that we should look at is that of level curves or also known as contour curves. The level curves of the function z = f (x, y) are t

Curve tracing, Trace the curve (x/a)^3/2+(y/b)^2/3=1

Trace the curve (x/a)^3/2+(y/b)^2/3=1

Subtangents & subnormals, show that the subtangent at any point on parabola...

show that the subtangent at any point on parabola y2 =4ax is twice the abscissa at that point.

Area and perimeter, if perimeter is 300m length is 100m.find the breadth

if perimeter is 300m length is 100m.find the breadth

each player selects one of her two remaining chips , Consider the followin...

Consider the following parlor game to be played between two players. Each player begins with three chips: one red, one white, and one blue. Each chip can be used only once. To beg

Example of fractional equations, Example of Fractional Equations: Exa...

Example of Fractional Equations: Example: Solve the fractional equation (3x +8)/x +5 =0 Solution: Multiply both sides of the equation by the LCD (x). (x) ((3x

Inflation , Inflation The inflation rate for a given period can be ca...

Inflation The inflation rate for a given period can be calculated using the following formula; Inflation = (current retail price index/retail price index in the base year)

Cylinder, if the diametre of the cylinder is 3.6 foot and its length is4.6f...

if the diametre of the cylinder is 3.6 foot and its length is4.6foot,then its dimension is?

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