A company operates 16 oil wells in a designated area. Each pump, on average, extracts 240 barrels
Question:
A company operates 16 oil wells in a designated area. Each pump, on average, extracts 240 barrels of oil daily. The company can add more wells but every added well reduces the average daily ouput 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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Let w denote the number of operating wells Then the ...View the full answer
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Mishark muli
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