
Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
Edition 20ISBN: 978-1308221281
Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
Edition 20ISBN: 978-1308221281 Exercise 3
After mining 9,273 tons of coal, Blue Sky Mining's managers note that the marginal cost of mining the next ton of coal would be $40 per ton. They also calculate that the user cost of mining that next ton of coal would be $35. If the market price of coal is $72, should Blue Sky mine an additional ton of coal
A) Yes.
B) No.
C) More information is needed.
A) Yes.
B) No.
C) More information is needed.
Explanation
Marginal cost of mining :
A mining comp...
Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
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