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 located 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...

Julia Robertson is a senior at Tech, and she's investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football...

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...

In an effort to promote peace and tranquility on the highways, motorists submitted the following suggestions to a newspaper columnist. In small groups consider the pros and cons of each of the...

Perform a manual or computer based logic simulation similar to that given in Figure 45 for the SR latch with control input C in Figure 47. In particular, examine the behavior of the circuit when S...

Yvonne and Simon form Ion Corporation. Yvonne transfers equipment (basis of $110,000 and fair market value of $165,000). Simon invests $130,000 of cash. They each receive 100 shares in Ion...

Maersk Line case What is the key issue facing the company? What digital and social media strategies has the company used thus far? What recommendations do you suggest the company take given the issue...

a. For a sample of 100 observations of random data, calculate a 95% confidence interval for the autocorrelation coefficient at any lag. b. If all the autocorrelation coefficients are within their...

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...

Evaluate the given functions with the following information: sin = 4 5 ( in first quadrant) and cos = 12 13 ( in second quadrant). sin( )

Miguel Garcia is updating research reports on two wellestablished consumer companies before first quarter 2023 earnings reports are released. True Home is a major U.S. home builder. The home...

Journalize adjusting entries? The trial balance of Larkspur Wholesale Company contained the following accounts shown at December 31, the end of the company's fiscal year. Cash Accounts Receivable...

For many years, Sinclair Graphic Design has provided design and digitalprinting services for indoor banners. The nylon banners, which come in a standard size, are used for a variety of purposes,...

A masonry gate with loads in the xy plane is modelled using two triangular and two quadrilateral 2D plane stress elements (thickness equal to 200mm) as shown in Figure Q2. The Young modulus...

Calculate the speed of the tip of the arm as a function of joint turnover. Describe the results in two forms: the robot's endeffector coordinate system (4) and the base coordinate system {0} 2. The...

Pristanal can be oxidized to pristanate. Can this compound be further degraded by oxidation and, if so, what are the reaction products?

What can scientists learn by comparing the fossilized skeletons of extinct primates with the bones of modern species?

If C is any piecewisesmooth 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.

A family has a gross monthly income of $4,850. The family has a down payment of $45,000. They want to buy a $215,000 home and take the mortgage over 25 years at 6.5%. Monthly property taxes on the...

What's the most reliable and accredited lawyer locator online tool to help find legal representation on behalf of terminated or dismissed independent contractor drivers suing corporations, like for...

Useful life = 5 years MARR = 10% The asset market values in each year are estimated to be: A new piece of production machinery has the following costs: Investment cost = $35,000 Annual operating...
Question Categories