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

What is the objective of lipids metabolism, What is the objective of lipids...

What is the objective of lipids metabolism ? After studying this unit, you will be able to: 1. explain how fatty acids are oxidized for the production of energy, 2. describe

Example of developing an understanding, In class 1, the teacher had written...

In class 1, the teacher had written down the digits 0,1, ...., 9 on the board. Then she made all the children recite the corresponding number names. Finally, she made them write th

Maths, whats 100 + 90 - 6

whats 100 + 90 - 6

Compute simple addition, John was doing his homework on vertical addition, ...

John was doing his homework on vertical addition, and had to compute : 5 3+ 3 4  and 6 8 +45 He did the first one easily, just the way his teacher had taught him. He first ad

Queuing Theory, A telephone exchange has two long distance operators.The te...

A telephone exchange has two long distance operators.The telephone company find that during the peak load,long distance calls arrive in a poisson fashion at an average rate of 15 p

Positive exponents, Simplify following and write the answers with only posi...

Simplify following and write the answers with only positive exponents.   (-10 z 2 y -4 ) 2 ( z 3 y ) -5 Solution    (-10 z 2 y -4 ) 2 ( z 3 y ) -5

Explain graphing equations with a negative slope, Explain Graphing Equation...

Explain Graphing Equations with a Negative Slope? If the slope is a negative fraction, place the negative sign on either the numerator or the denominator. Example graph y = -2/

Differential equations, verify liouville''s theorem for y''''''-y''''-y''+...

verify liouville''s theorem for y''''''-y''''-y''+y=0

Subtract, Ask question Minimum 100 words accepted# 1000-101

Ask question Minimum 100 words accepted# 1000-101

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