Finite Mathematics for the Managerial, Life, and Social Sciences-Custom Edition
Finite Mathematics for the Managerial, Life, and Social Sciences-Custom Edition
11th Edition
ISBN: 9781305283831
Author: Tan
Publisher: Cengage Learning
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Chapter 3.4, Problem 13E

MINIMIZING COSTS Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $ 14 , 000 / day to operate, and it yields 50 oz of gold and 3000 oz of silver per day. The Horse-shoe Mine costs $16,000/day to operate. and it yields 75 oz of gold and 1000 ounces of silver per day. Company management has set a target of at least 650 oz of gold and 18,000 oz of silver.

a. How many days should each mine be operated so that the target can be met at a minimum cost?

b. Find the range of values that the Saddle Mine's daily operating cost can assume without changing the optimal solution.

c. Find the range of values that the requirement for gold can assume.

d. Find the shadow price for the requirement for gold.

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Chapter 3 Solutions

Finite Mathematics for the Managerial, Life, and Social Sciences-Custom Edition

Ch. 3.1 - Prob. 1CQCh. 3.1 - Prob. 2CQCh. 3.1 - In Exercises 110, find the graphical solution to...Ch. 3.1 - Prob. 2ECh. 3.1 - Prob. 3ECh. 3.1 - In Exercises 110, find the graphical solution to...Ch. 3.1 - In Exercises 110, find the graphical solution to...Ch. 3.1 - Prob. 6ECh. 3.1 - In Exercises 110, find the graphical solution to...Ch. 3.1 - In Exercises 110, find the graphical solution to...
Ch. 3.1 - Prob. 9ECh. 3.1 - In Exercises 110, find the graphical solution of...Ch. 3.1 - In Exercises 11-18, write a system of linear...Ch. 3.1 - In Exercises 11-18, write a system of linear...Ch. 3.1 - In Exercises 11-18, write a system of linear...Ch. 3.1 - In Exercises 11-18, write a system of linear...Ch. 3.1 - Prob. 15ECh. 3.1 - Prob. 16ECh. 3.1 - In Exercises 11-18, write a system of linear...Ch. 3.1 - In Exercises 11-18, write a system of linear...Ch. 3.1 - Prob. 19ECh. 3.1 - Prob. 20ECh. 3.1 - Prob. 21ECh. 3.1 - Prob. 22ECh. 3.1 - In Exercises 2340, determine graphically the...Ch. 3.1 - Prob. 24ECh. 3.1 - In Exercises 2340, determine graphically the...Ch. 3.1 - Prob. 26ECh. 3.1 - In Exercises 2340, determine graphically the...Ch. 3.1 - Prob. 28ECh. 3.1 - Prob. 29ECh. 3.1 - In Exercises 2340, determine graphically the...Ch. 3.1 - Prob. 31ECh. 3.1 - Prob. 32ECh. 3.1 - In Exercises , determine graphically the solution...Ch. 3.1 - In Exercises 2340, determine graphically the...Ch. 3.1 - In Exercises 23 - 40, determine graphically the...Ch. 3.1 - Prob. 36ECh. 3.1 - Prob. 37ECh. 3.1 - Prob. 38ECh. 3.1 - Prob. 39ECh. 3.1 - In Exercises 2340, determine graphically the...Ch. 3.1 - CONCERT ATTENDANCE The Peninsula Brass Band will...Ch. 3.1 - MANUFACTURING FERTILIZERSAgro Products makes two...Ch. 3.1 - Investments Louisa has earmarked at most 250,000...Ch. 3.1 - DIET PLANNING A dietitian whishes to plan a meal...Ch. 3.1 - Prob. 45ECh. 3.1 - In Exercises 45-48, determine whether the...Ch. 3.1 - Prob. 47ECh. 3.1 - Prob. 48ECh. 3.2 - What is a Linear programming problem?Ch. 3.2 - Suppose you are asked to formulate a linear...Ch. 3.2 - Prob. 3CQCh. 3.2 - Formulate but do not solve each of the following...Ch. 3.2 - Formulate but do not solve each of the following...Ch. 3.2 - Formulate but do not solve each of the following...Ch. 3.2 - Formulate but do not solve each of the following...Ch. 3.2 - PRODUCTION SCHEDULING A division of the Winston...Ch. 3.2 - PRODUCTION SCHEDULING Refer to Exercise 5. If the...Ch. 3.2 - ALLOCATION OF FUNDS Madison Finance has a total of...Ch. 3.2 - ASSET ALLOCATION A financier plans to invest up to...Ch. 3.2 - ASSET ALLOCATION Justin has decided to invest at...Ch. 3.2 - CROP PLANNING A farmer plans to plant two crops, A...Ch. 3.2 - MINIMIZING MINING COSTS Perth Mining Company...Ch. 3.2 - MINIMIZING CRUISE LINE COSTS Deluxe River Cruises...Ch. 3.2 - PRODUCTION SCHEDULING Acoustical Company...Ch. 3.2 - FERTILIZERS A farmer uses two types of...Ch. 3.2 - MINIMIZING CITY WATER COSTS The water-supply...Ch. 3.2 - PRODUCTION SCHEDULING Ace Novelty manufactures...Ch. 3.2 - DIET PLANNING A nutritionist at the Medical Center...Ch. 3.2 - OPTIMIZING ADVERTISING EXPOSURE Everest Deluxe...Ch. 3.2 - MINIMIZING SNIPPING COSTS TMA manufactures 37-in....Ch. 3.2 - SOCIAL PROGRAMS PLANNING AntiFam a hunger-relief...Ch. 3.2 - Prob. 21ECh. 3.2 - OPTIMIZING ADVERTISING EXPOSURE As part of a...Ch. 3.2 - PRODUCTION SCHEDULING Custom Office Furniture...Ch. 3.2 - Prob. 24ECh. 3.2 - ASSET ALLOCATION Ashley has earmarked at most...Ch. 3.2 - Prob. 26ECh. 3.2 - MINIMIZING SHIPPING COSTS Acrosonic of Example 4...Ch. 3.2 - OPTIMIZING PRODUCTION OF COLD FORMULAS Beyer...Ch. 3.2 - OPTIMIZING PRODUCTION OF BLENDED JUICES Caljuice...Ch. 3.2 - MINIMIZING SHIPPING COSTS Steinwelt Piano...Ch. 3.2 - Prob. 31ECh. 3.2 - Prob. 32ECh. 3.3 - a. What is the feasible set associated with the...Ch. 3.3 - Prob. 2CQCh. 3.3 - In Exercises 16, find maximum and/or minimum...Ch. 3.3 - In Exercises 16, find maximum and/or minimum...Ch. 3.3 - In Exercises 16, find maximum and/or minimum...Ch. 3.3 - Prob. 4ECh. 3.3 - Prob. 5ECh. 3.3 - Prob. 6ECh. 3.3 - Prob. 7ECh. 3.3 - Prob. 8ECh. 3.3 - Prob. 9ECh. 3.3 - Prob. 10ECh. 3.3 - Prob. 11ECh. 3.3 - Prob. 12ECh. 3.3 - Prob. 13ECh. 3.3 - Prob. 14ECh. 3.3 - Prob. 15ECh. 3.3 - Prob. 16ECh. 3.3 - Prob. 17ECh. 3.3 - Prob. 18ECh. 3.3 - Prob. 19ECh. 3.3 - Prob. 20ECh. 3.3 - Prob. 21ECh. 3.3 - Prob. 22ECh. 3.3 - Prob. 23ECh. 3.3 - Prob. 24ECh. 3.3 - Prob. 25ECh. 3.3 - Prob. 26ECh. 3.3 - Prob. 27ECh. 3.3 - Prob. 28ECh. 3.3 - Prob. 29ECh. 3.3 - Prob. 30ECh. 3.3 - Prob. 31ECh. 3.3 - Prob. 32ECh. 3.3 - Prob. 33ECh. 3.3 - Prob. 34ECh. 3.3 - Prob. 35ECh. 3.3 - Prob. 36ECh. 3.3 - Prob. 37ECh. 3.3 - Prob. 38ECh. 3.3 - Prob. 39ECh. 3.3 - Prob. 40ECh. 3.3 - Prob. 41ECh. 3.3 - Prob. 42ECh. 3.3 - Prob. 43ECh. 3.3 - The problems in Exercises 29 - 48 correspond to...Ch. 3.3 - Prob. 45ECh. 3.3 - Prob. 46ECh. 3.3 - Prob. 47ECh. 3.3 - Prob. 48ECh. 3.3 - Prob. 49ECh. 3.3 - VETERINARY SCIENCE A veterinarian has been asked...Ch. 3.3 - MAXIMIZING INVESTMENT RETURNS Patricia has at most...Ch. 3.3 - PRODUCTION SCHEDULING Bata Aerobics manufactures...Ch. 3.3 - Prob. 53ECh. 3.3 - Prob. 54ECh. 3.3 - Prob. 55ECh. 3.3 - Prob. 56ECh. 3.3 - Prob. 57ECh. 3.3 - Prob. 58ECh. 3.3 - Prob. 59ECh. 3.3 - Prob. 60ECh. 3.3 - Prob. 61ECh. 3.3 - Prob. 62ECh. 3.4 - Suppose P=3x+4y is the objective function in a...Ch. 3.4 - Prob. 2CQCh. 3.4 - Prob. 3CQCh. 3.4 - Prob. 1ECh. 3.4 - Prob. 2ECh. 3.4 - Prob. 3ECh. 3.4 - SHADOW PRICES Refer to Example 2. a. Find the...Ch. 3.4 - Prob. 5ECh. 3.4 - Prob. 6ECh. 3.4 - Prob. 7ECh. 3.4 - Prob. 8ECh. 3.4 - Prob. 9ECh. 3.4 - Prob. 10ECh. 3.4 - Prob. 11ECh. 3.4 - Prob. 12ECh. 3.4 - MINIMIZING COSTS Perth Mining Company operates two...Ch. 3.4 - MINIMIZING CRUISE LINE COSTS Deluxe River Cruises...Ch. 3.4 - PRODUCTION SCHEDULING Soundex produces two models...Ch. 3.4 - Prob. 16ECh. 3.4 - PRODUCTION SCHEDULING Kane Manufacturing has a...Ch. 3.4 - Prob. 18ECh. 3.CRQ - Fill in the blanks. a. The solution set of the...Ch. 3.CRQ - Prob. 2CRQCh. 3.CRQ - Fill in the blanks. A linear programming problem...Ch. 3.CRQ - Prob. 4CRQCh. 3.CRQ - Fill in the blanks. In sensitivity analysis, we...Ch. 3.CRQ - Prob. 6CRQCh. 3.CRE - In Exercise 1 and 2, find the optimal value s of...Ch. 3.CRE - In Exercise 1 and 2, find the optimal value s of...Ch. 3.CRE - In Exercises 314, use the method of corners to...Ch. 3.CRE - In Exercises 314, use the method of corners to...Ch. 3.CRE - In Exercise 3-14, use the method of corner to...Ch. 3.CRE - In Exercise 3-14, use the method of corners to...Ch. 3.CRE - In Exercise 3-14, use the method of corner to...Ch. 3.CRE - In Exercise 3-14, use the method of corner to...Ch. 3.CRE - In Exercise 3-14, use the method of corner to...Ch. 3.CRE - In Exercise 3-14, use the method of corner to...Ch. 3.CRE - In Exercise 3-14, use the method of corner to...Ch. 3.CRE - Prob. 12CRECh. 3.CRE - In Exercise 3-14, use the method of corner to...Ch. 3.CRE - In Exercise 3-14, use the method of corner to...Ch. 3.CRE - FINANCIALANALYSIS An investor has decided to...Ch. 3.CRE - PRODUCTION SCHEDULING Soundex produces two model...Ch. 3.CRE - PRODUCTION SCHEDULING Kane Manufacturing has a...Ch. 3.CRE - MINIMIZING SHIPPING COSTS A manufacturer of...Ch. 3.BMO - Prob. 1BMOCh. 3.BMO - Prob. 2BMOCh. 3.BMO - Prob. 3BMOCh. 3.BMO - Prob. 4BMOCh. 3.BMO - Prob. 5BMO
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