1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
S_A_V [24]
3 years ago
13

Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $12,000/day to oper

ate, and it yields 50 oz of gold and 3000 oz of silver each of x day. The Horseshoe Mine costs $17,000/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?
Business
1 answer:
stepan [7]3 years ago
6 0

Answer:

Operate mine 1 four 4 days and mine 2 during 6 days to obtain minimum cost for the desired output of 850 gold and 18,000 silver

Explanation:

We generate the equation system on excel:

(50g + 3000s) Q_1 --> output generated on Mine 1

(75g + 1,000s) Q_2 --> output generated on Mine 2

12,000 Q1 + 17,000 Q2 = cost of the mines

we do solver to minimize the days of each mine considering a desired output of 18,000 silver and 650 gold:

and get the following:

M1  4 days  output: (50g + 3000s) 4 = 200 g    12,000s

M2 6 days  output: (75g + 1,000s) 6 =  450g      6,000s

Cost: 12,000 x 4 + 17,000 x 6 = 150,000

You might be interested in
After using market research to identify the target audience for his advertising campaign, jorge will next use this information t
beks73 [17]

Answer:

D. Set explicit and measurable objectives for the campaign.

5 0
3 years ago
Why was stock bought on margin considered a risky investment?
Andreas93 [3]
Stock bought on margin considered a risky investment because investors purchased the stocks with little cash down; if the price dropped the investor had to repay the loan. In investment the higher the risk the higher the return, it will be beneficial for the investors but more risky. 
7 0
4 years ago
Suppose that M is fixed but that P falls. According to the quantity equation which of the following could both by themselves exp
rewona [7]

Answer:

D. V fell.

Explanation:

According to the quantity theory :

Money Supply x Velocity = Price x Output

If money supply is fixed, price is directly proportional to velocity.

If price fell, then velocity also fell.

V fell and Y rose

3 0
3 years ago
Allocative inefficiency due to unregulated monopoly is characterized by the condition:____.
Lerok [7]

Allocative inefficiency due to unregulated monopoly is characterized by the condition: P>MC.

Allocative inefficiency happens whilst the purchaser does no longer pay a green price. A green charge is one that just covers the costs of manufacturing incurred in supplying the good or provider. Allocative efficiency occurs while the company's fee, P, equals the greater (marginal) cost of delivery, MC

Monopolies can boom fees above the marginal fee of manufacturing and are allocative inefficient. that is because monopolies have marketplace strength and may boom rate to reduce client surplus.

Allocative efficiency occurs while consumer demand is completely met by means of supply. In other words, organizations are presenting the precise supply that clients want. For an instance, a baker has 10 customers trying an iced doughnut. The baker had made exactly 10 that morning – that means there's an allocative performance.

Learn more about Allocative efficiency  here:

brainly.com/question/14471969

#SPJ4

7 0
1 year ago
Caro has $10,000 to invest. Her best friend, Imelda, happens to be a stockbroker. Imelda tells Caro that her investments should
Dafna1 [17]

Answer:

1. b. $3,400 in a mutual fund, $3,300 in bonds, and $3,300 in a land purchase

This is the most diversified because it involves equal or almost equal amounts put into separate instruments which means that a loss will be less likely to affect this portfolio because a loss affecting one instrument might not affect the rest

2. a. $10,000 in a mutual fund

This is the second most classified because Mutual funds invest in a variety of instruments so investing in Mutual funds is akin to investing in a variety of instruments.

3. c. $5,000 in one stock and $5,000 in another stock

This is the third most diversified because even though it involves investing in separate stocks, stock still generally move together in terms of performance so if one stock suffers a loss, there is a high chance the other will too.

4. d. $10,000 in one stock

This is not diversified at all because all the funds are on one instrument.

5 0
3 years ago
Other questions:
  • What is the subject of federal open market committee decisions?
    11·1 answer
  • Rapier Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined ov
    8·1 answer
  • Problem 6.27 David is going to purchase two stocks to form the initial holdings in his portfolio. Iron stock has an expected ret
    6·1 answer
  • During January, LexPro Co., which maintains a perpetual inventory system, recorded the following information pertaining to its i
    11·1 answer
  • Formal tax definition<br>​
    7·2 answers
  • A not-for-profit firm uses a small convenience sample to gather data on customer reactions. It invites a small group of customer
    5·1 answer
  • Why is it important for business professionals to take an active role in developing and managing information systems? A. They kn
    8·1 answer
  • What is not a potential risk of purchasing a used car?a) used cars can require repairs soonerb) warranties can be very limitedc)
    10·1 answer
  • The process of generating and choosing from a set of alternatives to solve a problem is called __________ Group of answer choice
    8·1 answer
  • On september 30, 2018, grover began preparing a trial balance worksheet. Which step occurs immediately after he prepares the inc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!