A refinery can purchase two types of crude oil, Brent or West Texas Intermediate (WTI). It processes these crude oils into two products, gasoline and heating oil. A barrel(bbl) of Brent yields 0.7 bbls of gasoline and 0.3 bbls of heating oil. A barrel of WTI yields 0.4 bbls of gasoline and 0.6 bbls of heating oil. Brent costs $68/bbl and WTI costs $60/bbl. The refinery needs to produce at least 12, 000 bbls/day of gasoline and 4, 800 bbls/day of heating oil. How many barrels of Brent and WTI to purchase and process daily to meet the daily demand for gasoline and heating oil at minimum cost. (DO NOT SOLVE.)
A refinery can purchase two types of crude oil, Brent or West Texas Intermediate (WTI). It processes these crude oils into two products, gasoline and heating oil. A barrel(bbl) of Brent yields 0.7 bbls of gasoline and 0.3 bbls of heating oil. A barrel of WTI yields 0.4 bbls of gasoline and 0.6 bbls of heating oil. Brent costs $68/bbl and WTI costs $60/bbl. The refinery needs to produce at least 12, 000 bbls/day of gasoline and 4, 800 bbls/day of heating oil. How many barrels of Brent and WTI to purchase and process daily to meet the daily demand for gasoline and heating oil at minimum cost. (DO NOT SOLVE.)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 8T
Related questions
Question
A refinery can purchase two types of crude oil, Brent or West Texas
Intermediate (WTI). It processes these crude oils into two products, gasoline and
heating oil. A barrel(bbl) of Brent yields 0.7 bbls of gasoline and 0.3 bbls of heating
oil. A barrel of WTI yields 0.4 bbls of gasoline and 0.6 bbls of heating oil. Brent
costs $68/bbl and WTI costs $60/bbl. The refinery needs to produce at least 12, 000
bbls/day of gasoline and 4, 800 bbls/day of heating oil. How many barrels of Brent
and WTI to purchase and process daily to meet the daily demand for gasoline and
heating oil at minimum cost. (DO NOT SOLVE.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL