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

Question 47

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.Suppose that a new government regulation is going to shut down OZ's mining operation one year from now.If the current price per bar of gold is $25,000, how many bars (in thousands) should OZ extract and sell this year? A) 3 B) 4 C) 5 D) As many as possible.
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.Suppose that a new government regulation is going to shut down OZ's mining operation one year from now.If the current price per bar of gold is $25,000, how many bars (in thousands) should OZ extract and sell this year?


A) 3
B) 4
C) 5
D) As many as possible.

Correct Answer:

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