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A company is researching mining at four different land areas using different types of equipment. The table below shows the costs of land, equipment, mining, and reclamation for the four locations: Locations 1 2 3 4 Cost of land Cost of equipment $100,000 $10,000 $35,000 $6,000 $30,000 $7,500 $40,500 $8,000 O Location 1 O Location 2 O Location 3 Cost of mining and reclamation Which location will cost the least for mining and reclamation at the end of the mining period? O Location 4 $5,000 per day $4,500 per day $3,500 per day $7,000 per day Time taken to mine the area 30 days 45 days 120 days 65 days

A company is researching mining at four different land areas using different types of equipment. The table below shows the costs of land, equipment, mining, and reclamation for the four locations: Locations 1 2 3 4 Cost of land Cost of equipment $100,000 $10,000 $35,000 $6,000 $30,000 $7,500 $40,500 $8,000 O Location 1 O Location 2 O Location 3 Cost of mining and reclamation Which location will cost the least for mining and reclamation at the end of the mining period? O Location 4 $5,000 per day $4,500 per day $3,500 per day $7,000 per day Time taken to mine the area 30 days 45 days 120 days 65 days

Applications and Investigations in Earth Science (9th Edition)
Applications and Investigations in Earth Science (9th Edition)
9th Edition
ISBN:9780134746241
Author:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa
Publisher:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa
Chapter1: The Study Of Minerals
Section: Chapter Questions
Problem 1LR
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A company is researching mining at four different land areas using different types of equipment. The table below shows the costs of land, equipment, mining, and reclamation for the four locations: Locations 1 2 3 4 Cost of land $100,000 $35,000 $30,000 $40,500 O Location 2 O Location 3 Cost of equipment $10,000 $6,000 $7,500 $8,000 O Location 4 Cost of mining and reclamation $5,000 per day $4,500 per day $3,500 per day $7,000 per day Which location will cost the least for mining and reclamation at the end of the mining period? O Location 1 Time taken to mine the area 30 days 45 days 120 days 65 days
Transcribed Image Text:A company is researching mining at four different land areas using different types of equipment. The table below shows the costs of land, equipment, mining, and reclamation for the four locations: Locations 1 2 3 4 Cost of land $100,000 $35,000 $30,000 $40,500 O Location 2 O Location 3 Cost of equipment $10,000 $6,000 $7,500 $8,000 O Location 4 Cost of mining and reclamation $5,000 per day $4,500 per day $3,500 per day $7,000 per day Which location will cost the least for mining and reclamation at the end of the mining period? O Location 1 Time taken to mine the area 30 days 45 days 120 days 65 days
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