Perth Mining Company operates two mines to extract gold and silver. The Saddle Mine yields 50 oz of gold and 2000 oz of silver each day. The Horseshoe Mine yields 75 oz of gold and 1000 oz of silver each day. The Company set a target at least 600 oz of gold and 20,000 oz of silver. The cost to operate the Saddle Mine costs $14,000 per day and the Horseshoe Mine cost $16,000 per day. How many days should each mine operate to meet the Company's target at a minimum cost? a. write the objective function. Identify variables. b. write the system of inequalities describing the above constraints. c. create a chart to identify the number to minimize cost, label each. also lost the minimum cost.
Perth Mining Company operates two mines to extract gold and silver. The Saddle Mine yields 50 oz of gold and 2000 oz of silver each day. The Horseshoe Mine yields 75 oz of gold and 1000 oz of silver each day. The Company set a target at least 600 oz of gold and 20,000 oz of silver. The cost to operate the Saddle Mine costs $14,000 per day and the Horseshoe Mine cost $16,000 per day. How many days should each mine operate to meet the Company's target at a minimum cost?
a. write the objective function. Identify variables.
b. write the system of inequalities describing the above constraints.
c. create a chart to identify the number to minimize cost, label each. also lost the minimum cost.
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