43. Ocean water contains 0.9 ounces of gold per ton. Method A costs $550 per ton of...

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43. Ocean water contains 0.9 ounces of gold per ton.

Method A costs $550 per ton of water processed and will recover 90% of the metal. Method B costs $400 per ton of water processed and will recover 60% of the metal.

The two methods require the same capital investment and are capable of producing the same amount of gold each day. If the extracted gold can be sold for $1,750 per ounce, which method should be recommended? The supply of ocean water is essentially unlimited. Hint:Work this problem on the basis of profit per ounce of gold extracted. (2.4)

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Engineering Economy

ISBN: 9781292265001

17th Global Edition

Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling

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