A company operates 16 oil wells in a designated area. Each pump, on aver- age, extracts 240 barrels of oil daily. The company can add more wells but every added well reduces the average daily output of each of the wells by 8 barrels. How many wells should the company add in order to maximize daily production?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A company operates 16 oil wells in a designated area. Each pump, on aver-
age, extracts 240 barrels of oil daily. The company can add more wells but
every added well reduces the average daily output of each of the wells by 8
barrels. How many wells should the company add in order to maximize daily
production?
Transcribed Image Text:A company operates 16 oil wells in a designated area. Each pump, on aver- age, extracts 240 barrels of oil daily. The company can add more wells but every added well reduces the average daily output of each of the wells by 8 barrels. How many wells should the company add in order to maximize daily production?
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