Goldilocks needs to find at least 12 lb. of gold and at least 18 lb. of silver to pay the monthly rent. There are two mines in which Goldilocks can find gold and silver. Each day that Goldilocks spends in mine 1, she finds 2 lb. of gold and 2 lb. of silver. Each day that Goldilocks spends in mine 2, she finds 1 lb. of gold and 3 lb. of silver. a. Formulate an LP to help Goldilocks meet her requirements while spending as little time as possible in the mines. b. Graphically solve the LP.
Goldilocks needs to find at least 12 lb. of gold and at least 18 lb. of silver to pay the monthly rent. There are two mines in which Goldilocks can find gold and silver. Each day that Goldilocks spends in mine 1, she finds 2 lb. of gold and 2 lb. of silver. Each day that Goldilocks spends in mine 2, she finds 1 lb. of gold and 3 lb. of silver. a. Formulate an LP to help Goldilocks meet her requirements while spending as little time as possible in the mines. b. Graphically solve the LP.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:Goldilocks needs to find at least 12 lb. of gold and at least 18 lb.
of silver to pay the monthly rent. There are two mines in which
Goldilocks can find gold and silver. Each day that Goldilocks
spends in mine 1, she finds 2 lb. of gold and2 lb. of silver.
Each day that Goldilocks spends in mine 2, she finds 1 lb. of
gold and 3 lb. of silver.
a. Formulate an LP to help Goldilocks meet her requirements
while spending as little time as possible in the mines.
b. Graphically solve the LP.
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