Charm city mining company owns two mines each of which

Reference no: EM13377619

Charm City Mining Company owns two mines, each of which produces three grades of ore- high, medium, and low. The company has a contract to supply a smelting company with at least 8 tons of high-grade ore, 10 tons of medium-grade ore, and 18 tons of low-grade ore. Each mine produces a certain amount of each type of ore during each hour that it operates. Mine 1 produces 5 tons of high-grade ore, 3 tons of medium-grade ore, and 3.5 tons of low grade ore per hour. Mine 2 produces 2.2, 2.5, and 10.2 tons, respectively, of high-, medium-, and low-grade ore per hour. It costs Charm City $300 per hour to mine each ton of ore from mine 1, and it costs $250 per hour to mine each ton of ore from mine 2. The company wants to determine the number of hours it needs to operate each mine so that its contractual obligations can be met at the lowest cost.

Reference no: EM13377619

Questions Cloud

Problem two suppose a company had the following stock : problem two suppose a company had the following stock outstanding and retained earnings on december 31 2011.common

The financial statements for a company included the : the financial statements for a company included the following informationcommon stock1750000retained earnings950000net

Samsung electroincis and lg electronics - two south korean : samsung electroincis and lg electronics - two south korean digital product makers - recently announced plans to

Question 1 hackerott camera is considering eliminating : question 1 hackerott camera is considering eliminating model ae1 from its camera line because of losses over the past

Charm city mining company owns two mines each of which : charm city mining company owns two mines each of which produces three grades of ore- high medium and low. the company

M k smith is president of kranbrack corporation a company : m. k. smith is president of kranbrack corporation a company whose stock is traded on a national exchange.in a meeting

Lg electronics plans to invest 30 trillion won by 2010 to : lg electronics plans to invest 30 trillion won by 2010 to make this happen hoping that the cost savings and reduction

If some auction participants for crude oil field leases : if some auction participants for crude oil field leases have estimates that the oil in the ground is worth 1.2 million

Create a flowchart by describing how money flows from the : create a flowchart by describing how money flows from the us federal reserve to the individual consumer and back to the

User Account

All Pages