Examlex

Solved

Two Mining Fields, Field a and Field B of a Coal

question 31

Essay

Two mining fields, field A and field B of a coal mining company produce Lignite and Bituminous coal. The operating cost per day for field A and field B are $55,000 and $45,000, respectively. The recent records at the company indicate that the mining field A can produce 250 tons of Lignite along with 300 tons of Bituminous coal per day whereas the mining field B can produce 200 tons of Lignite along with 450 tons of Bituminous coal per day. The demand for Lignite is expected to be 120,000 tons and for Bituminous coal, it is expected to be 170,000 tons. The expected demand should be met. To minimize the operating costs of the mining fields, how many days does the company need to operate each of these fields?


Definitions:

Ethnic Upward Mobility

The process by which individuals or groups from a specific ethnicity achieve higher socioeconomic status or success.

Projections

In psychology, the defense mechanism by which individuals ascribe their own unwanted feelings, thoughts, or traits to someone or something else. In general, could also refer to estimates or forecasts about future events based on current trends.

80th Birthday

A milestone marking the completion of 80 years of life, often celebrated as a significant achievement given the average lifespan.

Life Expectancy

The average number of years a person is expected to live based on demographic factors such as age, sex, and location.

Related Questions