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

Decomposing polygons to find area, find the area of this figure in square m...

find the area of this figure in square millimeter measure each segment to the nearest millmeter

Distinct eigenvalues –system solving, DISTINCT EIGENVALUES -SYSTEM SOLVING ...

DISTINCT EIGENVALUES -SYSTEM SOLVING : E xample Solve the following IVP. Solution : Therefore, the first thing that we must to do that is, get the eigenvalues

Definition of a function, Definition of a Function Now we need to move...

Definition of a Function Now we need to move into the second topic of this chapter.  Before we do that however we must look a quick definition taken care of.

Taylor series, If f(x) is an infinitely differentiable function so the Tayl...

If f(x) is an infinitely differentiable function so the Taylor Series of f(x) about x=x 0 is, Recall that, f (0) (x) = f(x) f (n) (x) = nth derivative of f(x)

5th grade, 6 and 3/8 minus 1 and 3/4

6 and 3/8 minus 1 and 3/4

Fractions, what the answer to 1/4+1/3=3/12=?

what the answer to 1/4+1/3=3/12=?

Changing the base of the index, Changing The Base Of The Index For com...

Changing The Base Of The Index For comparison reasons if two series have different base years, this is difficult to compare them directly. In such cases, it is essential to ch

Cartesian product of sets, The Cartesian product (also called as the cross ...

The Cartesian product (also called as the cross product) of two sets A and B, shown by AΧB (in the similar order) is the set of all ordered pairs (x, y) such that x€A and y€B. What

Linear algebra, solve for k such that the system 4x+ky=6 kx+y=-3

solve for k such that the system 4x+ky=6 kx+y=-3

Percentage, of all those survey 390 were under 18 years of age if 20%were 1...

of all those survey 390 were under 18 years of age if 20%were 18, how many responded to the survey

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