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

Variance-measure of central tendency, Variance Square of the standard...

Variance Square of the standard deviation is termed as variance. The semi inter-quartile range - It is a measure of dispersion which includes the use of quartile. A q

.gradient, Draw the graph of y=x^2-4x from x=-1 to x=5.use the scale of 2cm...

Draw the graph of y=x^2-4x from x=-1 to x=5.use the scale of 2cm on the x axis and 1cm on the y axis.Estimate the gradient at point:x=4, x=2 and x=0

Practical geometry, Ask question draw a line parallel to given line xy at a...

Ask question draw a line parallel to given line xy at a distance of 5cm from it #Minimum 100 words accepted#

Augmented matrix, Consider the following system of linear equations. X 1...

Consider the following system of linear equations. X 1 +x 3 +x 4 = 2 X 1 +x 2 +x 3 = 6 X 2 +x 3 +x 4 = 3 X 1 +x 2 +x 4 = 0  (a) Write out the augmented matrix fo

Find out the area of the region, Find out the area of the region enclosed b...

Find out the area of the region enclosed by y = x 2 & y =√x . Solution Firstly, just what do we mean by "area enclosed by". This means that the region we're interested in

Homotopy, prove same homotopy type is an equivalent relation

prove same homotopy type is an equivalent relation

Draw the bipartite graph, The graph C n , n  ≥  3 contains n vertices and n...

The graph C n , n  ≥  3 contains n vertices and n edges creating a cycle. For what value of n is C n a bipartite graph? Draw the bipartite graph of C n to give explanation for yo

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