Perth Mining Company Operates Two Mines for the Purpose of Extracting

question 29

Multiple Choice

Perth Mining Company operates two mines for the purpose of extracting gold and silver. The Saddle Mine costs $14,000/day to operate, and it yields 50 oz of gold and 3,000 oz of silver each day. The Horseshoe Mine costs $16,000/day to operate, and it yields 75 oz of gold and 1,000 oz of silver each day. Company management has set a target of at least 650 oz of gold and 11,000 oz of silver. How many days should each mine be operated so that the target can be met at a minimum cost?

• A) Saddle Mine: 1 days; Horseshoe Mine: 8 days; minimum cost $107,000
• B) Saddle Mine: 4 days; Horseshoe Mine: 3 days; minimum cost $106,000
• C) Saddle Mine: 1 days; Horseshoe Mine: 8 days; minimum cost $142,000
• D) Saddle Mine: 8 days; Horseshoe Mine: 1 days; minimum cost $128,000

Comprehend the relationship between adolescents and their parents and the influence it has on their psychosocial development.

Understand the development and implications of adolescent sexual orientation and identity.

Be able to identify warning signs and contributing factors to adolescent suicidal behavior.

Understand the role and effects of social media and technology in adolescent sexual behavior, including sexting.

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Definitions:

Activity Rate

The estimated activity cost divided by estimated activity-base usage.

Production Setup

The preparation and arrangement of tools, machines, and equipment necessary for the commencement of production operations in a manufacturing environment.

Contribution Margin

The amount by which sales revenue exceeds variable costs, indicating how much revenue contributes to fixed costs and profit.

Contribution Margin

The amount by which the sale of a product or service exceeds its variable costs, contributing to covering fixed costs and generating profit.