A company operates 16 oil wells in a designated area. Each pump, on average, extracts 240 barrels
Question:
A company operates 16 oil wells in a designated area. Each pump, on average, extracts 240 barrels of oil daily. The company can add more wells but every added well reduces the average daily ouput of each of the wells by 8 barrels. How many wells should the company add in order to maximize daily production?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Let w denote the number of operating wells Then the ...View the full answer
Answered By
Mishark muli
Having any assignments and any other research related work? worry less for I am ready to help you with any task. I am quality oriented and dedicated always to produce good and presentable work for the client once he/she entrusts me with their work. i guarantee also non plagiarized work and well researched work to give you straight As in all your units.Feel free to consult me for any help and you will never regret
4.70+
11+ Reviews
37+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
An oil company produces oil from two wells. Well 1 can produce up to 150,000 barrels per day, and well 2 can produce up to 200,000 barrels per day. It is possible to ship oil directly from the wells...
-
Estimating the costs of drilling oil wells is an important consideration for the oil industry. DS 12.2.1 contains the total costs and the depths of 16 offshore oil wells located in the Philippines...
-
In the summer of 2010, an explosion on the Deepwater Horizon oil drilling rig caused a leak in one of British Petroleum (BP) Oil Company's wells in the Gulf of Mexico. Crude oil rushed unabated for 3...
-
In a survey of 1,002 people, 701 (or 70%) said that they voted in the last presidential election (based on data from ICR Research Group). The margin of error was 3 percentage points. However, actual...
-
How would you characterize Dell's accounting techniques described in the case? Was it a case of aggressive accounting? Was it earnings management? Link your discussion to the specific accounting...
-
Some privately run airports provide amenities such as pod hotels, which enable fliers to nap between flights. These amenities are generally not available at publicly run airports. Given this, would...
-
A clinical trial of aspirin treatments is being planned to determine whether the rate of myocardial infarctions (heart attacks) is different for men and women. Identify which of these designs is most...
-
The FASB ASC Subtopic Variable Interest Entities affects thousands of business enterprises that now, as primary beneficiaries, consolidate entities that qualify as controlled VIEs. Retrieve the...
-
On November 1, Green Inc. borrowed $30,000 from a bank and signed a 10-month, 12% note. What is the adjusting entry Green Inc. must record for interest at its December 31 year end? Select the...
-
It is time to negotiate a new contract with some of Lightning Wholesale's unionized employees. The company believes in dealing fairly with its employees. Based on the current economic environment,...
-
Suppose the refinery in Exercise 51 is located 1 km north of the river. Where should P be located?
-
Two vertical poles PQ and ST are secured by a rope PRS going from the top of the first pole to a point R on the ground between the poles and then to the top of the second pole as in the figure. Show...
-
For the year ended December 31, 2017, Grayson Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries.........................$180,000...
-
What is the cost disease identified by William Baumol and why is it important to understanding cultural economics?
-
payment=249000 per year from year 1 to year 2 interest=4% period for 2 years compound annually what is the present value at year0
-
3) Christines photography business is a profit-maximizing competitive firm. Christine takes photos for $150 a session. Her variable cost for each session is $50 and she has a fixed cost of $2500 for...
-
In circle G, GH = 4 and m/HGI = 90. Find the length of HI. Express your answer as a fraction times 7. H G
-
How do human societies construct and perpetuate gender norms and roles, operating both at the micro-level through individual interactions and expressions, and at the macro-level through cultural...
-
The force on a particle, acting along the x axis, varies as shown in Fig. 6-38. Determine the work done by this force to move the particle along the x axis: (a) From x = 0.0 to x = 10.0 m; (b) From x...
-
In the synthesis of the keto acid just given, the dicarboxylic acid decarboxylates in a specific way; it gives Explain. HO rather than HO
-
If C is any piecewise-smooth simple closed plane curve and f and g are differentiable functions, show that C f (x) dx + g(y) dy = 0.
-
If f and t are twice differentiable functions, show that 2 (fg) = f 2 g + g 2 f + 2f g v(fg) = fVg + gVf + 2Vf Vg
-
If f is a harmonic function, that is, 2 f = 0, show that the line integral f y dx - f x dy is independent of path in any simple region D.
-
(14%) Problem 6: A ring planet of radius R has a mass M. A space ship with mass m is at point P, a distance x from the center of the ring along its central axis, as shown in the figure. R x- P A 17%...
-
On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected salvage value of $40,000. The company uses straight-line depreciation....
-
(14%) Problem 5: The figure shows a spaceship that fires an instrument package of mass select part at a planet with mass M=1.4E26 kg and radius R=1300 km. The spaceship is a distance 5R from the...
Study smarter with the SolutionInn App