Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $16,000/day to operate, and it yields 50 oz of gold and 3000 oz of silver each of x day. The Horseshoe Mine costs $18,000/day to operate, and it yields 75 oz of gold and 1000 oz of silver each of y day. Company management has set a target of at least 650 oz of gold and 18,000 oz of silver. How many days should each mine be operated so that the target can be met at a minimum cost? (х, у) What is the minimum cost? $
Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $16,000/day to operate, and it yields 50 oz of gold and 3000 oz of silver each of x day. The Horseshoe Mine costs $18,000/day to operate, and it yields 75 oz of gold and 1000 oz of silver each of y day. Company management has set a target of at least 650 oz of gold and 18,000 oz of silver. How many days should each mine be operated so that the target can be met at a minimum cost? (х, у) What is the minimum cost? $
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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![Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $16,000/day to operate, and it
yields 50 oz of gold and 3000 oz of silver each of x day. The Horseshoe Mine costs $18,000/day to operate, and it yields 75 oz of gold and 1000 oz
of silver each of y day. Company management has set a target of at least 650 oz of gold and 18,000 oz of silver. How many days should each mine
be operated so that the target can be met at a minimum cost?
(х, у)
What is the minimum cost?
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd5ec8dd9-d088-46a8-8733-a319018b566a%2F97ea588a-e082-4d06-9f73-3c9f59a65ff3%2F05jhunb.png&w=3840&q=75)
Transcribed Image Text:Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $16,000/day to operate, and it
yields 50 oz of gold and 3000 oz of silver each of x day. The Horseshoe Mine costs $18,000/day to operate, and it yields 75 oz of gold and 1000 oz
of silver each of y day. Company management has set a target of at least 650 oz of gold and 18,000 oz of silver. How many days should each mine
be operated so that the target can be met at a minimum cost?
(х, у)
What is the minimum cost?
$
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