Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $15,000/day to operate, and it yields 65 oz of gold and 2800 oz of silver each day. The Horseshoe Mine costs $16,000/day to operate, and it yields 70 oz of gold and 900 oz of silver each day. Company management has set a target of at least 405 oz of gold and 11,100 oz of silver. How many days should each mine be operated so that the target can be met at a minimum cost?
saddle mine =? days
horseshoe mine=? days
what is the minimum cost?
Get Answers For Free
Most questions answered within 1 hours.