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Ocean water contains 0.9 ounces of gold per ton. MethodAcosts $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)
Change is defined as improvement - alteration or change for the better. "Continual improvement is good business." Business managers and leaders constantly strive for success - success in performance and in the competitive market place. Businesses ..
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