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

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The Answer of 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

Perth Mining Company Operates Two Mines for the Purpose of Extracting