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

question 13

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 $1.60 per pound,d'Anconia Copper's operating profit next year will be closest to:

• A)$365 million.
• B)$375 million.
• C)$425 million.
• D)$800 million.

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Definitions:

Severely Damaged

Significantly harmed or altered, usually referring to objects, structures, or psychological state, impairing functionality or integrity.

Symptoms

Physical or mental features that are regarded as indicating a condition of disease, often noticed by the patient.

Anxiety

The state of feeling excessive and persistent worry and fear over everyday situations, often leading to physical symptoms such as increased heart rate.

Arousal

A physiological and psychological state of being awake or reactive to stimuli, often associated with physical excitation or emotional responses.