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

Which expression has an answer of 18, Which expression has an answer of 18?...

Which expression has an answer of 18? Use the order of operations and try every option. The first option results in 14 since 2 . 5 = 10, then 10 + 4 = 14. This does not work. T

Equation of the plane x + 4y 3z = 1, Find the equation of the plane thro...

Find the equation of the plane through (2, 1, 0) and parallel to x + 4y   3z = 1.

Explain polynomials, P OLYNOMIALS : It is  not  once  nor  twice  b...

P OLYNOMIALS : It is  not  once  nor  twice  but  times  without  number  that the  same ideas make  their  appearance in the  world. 1.  Find the value for K for which

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

i need to work out the standard deviation of 21.4

Childrens errors are a natural and inevitable part, Childrens errors are a ...

Childrens errors are a natural and inevitable part of their process of learning. In the process of grasping new concepts, children apply their existing understanding, which may

Find the values of k, If the vertices of a triangle are (1, k), (4, -3), (-...

If the vertices of a triangle are (1, k), (4, -3), (-9, 7) and its area is 15 sq units, find the value(s) of k..

Space geometry, a sketch of two dimensional system

a sketch of two dimensional system

Give the introduction to amino acid and nucleotide metabolis, Give the Intr...

Give the Introduction to amino ACID and nucleotide metabolism ? Here, we studied about the chemistry of proteins and amino acids. We studied that the amino acids are used for p

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