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The Table Shows the Quantity of Gold Bars (Qb) in Thousands

Question 51

Multiple Choice

  The table shows the quantity of gold bars (Qb)  in thousands, the extraction cost for each thousand bars (in millions of dollars) , and the user cost of each thousand bars (in millions of dollars)  facing the OZ Mining Company this year.If the current price of a bar of gold is $25,000, how many bars (in thousands)  should OZ extract and sell this year in order to maximize profits? A) 1 B) 2 C) 3 D) 4
The table shows the quantity of gold bars (Qb) in thousands, the extraction cost for each thousand bars (in millions of dollars) , and the user cost of each thousand bars (in millions of dollars) facing the OZ Mining Company this year.If the current price of a bar of gold is $25,000, how many bars (in thousands) should OZ extract and sell this year in order to maximize profits?


A) 1
B) 2
C) 3
D) 4

Correct Answer:

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