Perth mining company operates two mines for the purpose of extracting gold and silver. the saddle mine costs $12,000/day to operate, and it yields 50 oz of gold and 3000 oz of silver each of x day. the horseshoe mine costs $19,000/day to operate, and it yields 75 oz of gold and 1000 oz of silver each of y day. company management has set a target of at least 650 oz of gold and 18,000 oz of silver. how many days should each mine be operated so that the target can be met at a minimum cost?

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u. s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.