Answer:
Given
for 23000 tons of output variable cost=$21 millions
so for 19,000 tons of output variable cost=(19000/23000)*21=$17.34 millions
So Total cost =Variable cost+ fixed cost=17.34+19=$36.34 millions
Selling price=$1.5 per pound
Revenue from sell of 19000 tons pf nickel=19000*2000*1.5=$57 millions
Annual Profit = Revenue - Total Cost=57-36.34=$20.66 millions
QUESTION 2 The price of nickel has increased to the point where once-defunct nickel mines in...
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