A company operates 16 oil wells in a designated area. Each pump, on aver- age, extracts 240 barrels of oil daily. The company can add more wells but every added well reduces the average daily output of each of the wells by 8 barrels. How many wells should the company add in order to maximize daily production?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.CR: Review Problem Set
Problem 37CR
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A company operates 16 oil wells in a designated area. Each pump, on aver-
age, extracts 240 barrels of oil daily. The company can add more wells but
every added well reduces the average daily output of each of the wells by 8
barrels. How many wells should the company add in order to maximize daily
production?
Transcribed Image Text:A company operates 16 oil wells in a designated area. Each pump, on aver- age, extracts 240 barrels of oil daily. The company can add more wells but every added well reduces the average daily output of each of the wells by 8 barrels. How many wells should the company add in order to maximize daily production?
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