Use the Following Information to Answer the Question(s)below

question 28

Multiple Choice

Use the following information to answer the question(s) below.
d'Anconia Copper expects to produce 500 million pounds of copper next year,with production costs of $0.75 per pound.Depending upon the economic conditions over the next year,d'Anconia Copper expects the price of copper next year to be either $1.40,$1.50,or $1.60 per pound,with each outcome being equally likely.d'Anconia Copper expects to sell all of its copper at the going price.
-If the going price next year is $1.40 per pound,d'Anconia Copper's operating profit next year will be closest to:

• A)$325 million.
• B)$365 million.
• C)$375 million.
• D)$425 million.

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Definitions:

Greater Anxiety

An enhanced state of nervousness, worry, or fear that exceeds normal levels for the individual or situation, often requiring management or treatment.

Big Five

A theory that suggests five broad dimensions define human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Comprehensive

Including all or nearly all elements or aspects of something, thorough.

Barnum Effect

The tendency for individuals to see themselves in vague, stock descriptions of personality that could apply to many people.