The table shows the quantity of gold bars 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 (all costs are marginal) . 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?
Definitions:
Q16: The entrepreneur's sole function is to combine
Q63: Assume that in year 1 you pay
Q72: The role of an assumption in an
Q97: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Answer the question
Q103: If Kelly deposits $10,000 into an account
Q105: The real interest rate can be estimated
Q189: In 2016, the top 5 percent of
Q272: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8602/.jpg" alt=" Refer to the
Q288: With respect to state finance, for most
Q321: A mining company has the opportunity to