Question: PLEASE CLEARLY STATE WHICH ANSWER CHOICE IS CORRECT!!! A, B, C, or D. then follow up with a short explanation of why that is the

PLEASE CLEARLY STATE WHICH ANSWER CHOICE IS CORRECT!!! A, B, C, orD. then follow up with a short explanation of why that is

PLEASE CLEARLY STATE WHICH ANSWER CHOICE IS CORRECT!!!

A, B, C, or D.

then follow up with a short explanation of why that is the correct answer.

A mining company owns two mines, each of which produces three grades (high, medium, and low) of ore. The company has a contract to supply a smelting company with at least 12 tons of high-grade ore, at least 8 tons of medium-grade ore, and at least 24 tons of low-grade ore. Each hour of operation, mine 1 produces 6 tons of high-grade ore, 2 tons of medium-grade ore, and 4 tons of low-grade ore. Each hour of operation, mine 2 produces 2 tons of high-grade ore, 2 tons of medium-grade ore, and 12 tons of low-grade ore. It costs $200 per hour to operate mine 1 and $160 per hour to operate mine 2 . How many hours should each mine be operated so as to meet the contractual obligations at the lowest total operating cost? Use this sensitivity report to answer the questions below. If the cost per hour to operate Mine 1 was $170 : Would (1,3) remain optimal? What minimum Cost could be realized? That represents a decrease in the first objective function of 30 , which is not within the allowable decrease of 40 . Thus, (1,3) will not be remain optimal That represent a decrease in the first objective function coefficient of 30 , which is within the allowable decrease of 40 . Thus, (1,3) will remain optimal. The minimum cost will now be $650 That represents a decrease in the second objective function of 30 , which is not within the allowable decrease of 93 . Thus, (1,3) will not be remain optimal That represents a decrease in the second objective function of 30 , which is within the allowable decrease of 93 . Thus, (1,3) will be remain optimal. The minimum cost will now be $650

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