Multiple Choice
Formulate but do not solve the following exercise as a linear programming problem. 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 30 oz of gold and 3,000 oz of silver each day. The Horseshoe Mine costs $17,000/day to operate, and it yields 65 oz of gold and 1,000 oz of silver each day. Company management has set a target of at least 550 oz of gold and 17,000 oz of silver. How many days should each mine be operated so that the target can be met at a minimum cost?
A) Minimize: Subject to:
B) Minimize: Subject to:
C) Minimize: Subject to:
D) Minimize: Subject to:
Correct Answer:

Verified
Correct Answer:
Verified
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