SOLUTION: An oil company operates two refineries in a certain city. Refinery I has an output of 200, 100, and 100 barrels of low-, medium-, and high-grade oil per day, respectively. Refinery
Algebra.Com
Question 1201428: An oil company operates two refineries in a certain city. Refinery I has an output of 200, 100, and 100 barrels of low-, medium-, and high-grade oil per day, respectively. Refinery II has an output of 100, 200, and 600 barrels of low-, medium-, and high-grade oil per day, respectively. The company wishes to produce at least 1000, 1400, and 3000 barrels of low-, medium-, and high-grade oil to fill an order. If it costs $600/day to operate Refinery I and $900/day to operate Refinery II, determine how many days each refinery should be operated to meet the production requirements at minimum cost to the company.
Refinery I ? days
Refinery II ? days
What is the minimum cost?
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.
It was just solved at this forum under this link
https://www.algebra.com/algebra/homework/Finance/Finance.faq.question.1201320.html
RELATED QUESTIONS
An oil company operates two refineries in a certain city. Refinery I has an output of... (answered by Theo)
An oil company owns two refineries. The daily production limits and operating costs for... (answered by Edwin McCravy)
A small petroleum company owns two refineries. Refinery 1 costs 20,000 pesos per day to... (answered by ikleyn)
A small petroleum company owns two refineries. Refinery 1 costs $20,000 per day to... (answered by Theo)
1. The Alpha Furniture Company manufactures dining room tables and chairs. Each table... (answered by ikleyn,MathTherapy)
could you show me how to solve this problem step by step. I have another one close to... (answered by pedjajov)
I do not have a stat calculator and do not know where to even begin.
Daily output of... (answered by drk)
I need some help with word problems, thank you!
Daily output of Marathon’s Garyville,... (answered by stanbon)
Daily output of Marathon's refinery is normally distributed with a mean of 232000 barrels (answered by stanbon)