A Steel Maker Needs 5,000,000 Tons of Coal Next Year

question 38

Multiple Choice

A steel maker needs 5,000,000 tons of coal next year.The current market price for coal is $70.00 per ton.At this price,the firm expects its EBIT to be $500 million.What will the firm's EBIIT if the firm enters into a supply contract for coal for a fixed price of $72.00 per ton?

• A)$500 million
• B)$510 million
• C)$490 million
• D)$350 million

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Definitions:

Self-Determination Theory

A theory of motivation that emphasizes the role of intrinsic values and the need for autonomy, competence, and relatedness in fostering motivation.

Theory of Flow

A psychological concept describing a state where individuals are fully immersed and engaged in an activity, leading to optimal performance and enjoyment.

Personal Construct Theory

A psychological theory developed by George Kelly, emphasizing how individuals construct and organize their world through dichotomous constructs.

Happiness Defined

A concept or condition characterized by feelings of joy, satisfaction, and fulfillment.