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:

Successful Communication

The process of conveying or sharing information effectively between individuals or groups, ensuring the intended message is received and understood.

Equally Participate

The principle or condition of having all members or parties involved in a process or activity with identical levels of involvement and opportunity.

Property Rights

Legal rights that dictate the possession, use, and transfer of property by individuals or entities.

Dishonest Behavior

Actions that involve lying, cheating, deceiving, or any form of untruthfulness or manipulation.