The Table Shows the Quantity of Gold Bars in Thousands

question 157

Multiple Choice

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

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