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

Natural exponential function , Natural exponential function : There is a e...

Natural exponential function : There is a extremely important exponential function which arises naturally in several places. This function is called as the natural exponential fun

Triangles, ABCD is a parallelogram which AB and CD are divides by P and Q. ...

ABCD is a parallelogram which AB and CD are divides by P and Q. Such that AP:PB=3:2 and CQ:QD=4:1. If PQ and AC are meet at R, show that AR=3/7AC.

What is dividing fractions, What is Dividing Fractions? If you want to ...

What is Dividing Fractions? If you want to divide two fractions, you invert the second fraction (that is, turn it upside-down) and change the division sign to a multiplication

Directional derivatives, What are directional derivatives? Explain with two...

What are directional derivatives? Explain with two or more examples..

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: (

Word problem, a recipe good for 4 servings require 1/8 tsp. black pepper an...

a recipe good for 4 servings require 1/8 tsp. black pepper and 1/2 tsp. of salt. how much black pepper and how much salt needed for 2 servings?

Parallelograns, Find x and y in each paarallelogram.

Find x and y in each paarallelogram.

Trig, cot functions

cot functions

Explain mixed numbers with examples, Explain Mixed Numbers with examples? ...

Explain Mixed Numbers with examples? Everybody loves a bargain, right? But sometimes these "special deals" aren't what they seem to be. For example, pretend you were at a

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