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

Determination of the regression equation, Determination of the Regression E...

Determination of the Regression Equation The determination of the regression equation such given above is generally done by using a technique termed as "the method of least sq

Matrix, find the value of x for which [1 0] [0 x-8]

find the value of x for which [1 0] [0 x-8]

Applications of percentage, rajan bought an armchair for rs.2200 and sold i...

rajan bought an armchair for rs.2200 and sold it for rs.2420.find his profit per cent.

I am mathematics expert, i want some assignment for earning i am mathemati...

i want some assignment for earning i am mathematics expert plz provide us mathematics assignment as soon as possible

Empty set, There is one final topic that we need to address as far as solut...

There is one final topic that we need to address as far as solution sets go before leaving this section. Consider the following equation and inequality.

Knowing your learner, Here, we have tried to present some of the different ...

Here, we have tried to present some of the different thinking and learning processes of preschool and primary school children, in the context of mathematics learning. We have speci

Finding the side of a triangle only using equations, In triangle DEF, angle...

In triangle DEF, angle E is congruent to angle F. If side DE = 3x-6, Side EF = x+2 and Side DF = 18-5x. Find the length of side DE

Hyperbolic paraboloid- three dimensional space, Hyperbolic Paraboloid- Thre...

Hyperbolic Paraboloid- Three Dimensional Space The equation which is given here is the equation of a hyperbolic paraboloid. x 2 / a 2 - y 2 / b 2 = z/c Here is a dia

Determine the leading order term the asymptotic expansion, Submit your work...

Submit your working in (neat) handwritten form (do not type up your solutions). For the plots that you generate in Maple or Matlab, you can print them out and attach them at the en

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