Suppose the World Demand for Cobalt Is About 16,360,000 Pounds

question 39

Essay

Suppose the world demand for cobalt is about 16,360,000 pounds per year and the static reserve is 110. The demand for cobalt is increasing at a rate of 1.5%. What is the exponential reserve for cobalt?
A)
21.62
B)
35.81
C)
65.47
D)
96.55

• A)
• 21.62
• B)
• 35.81
• C)
• 65.47
• D)
• 96.55

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Definitions:

Perfectly Elastic

Describes a situation in which the quantity demanded or supplied of a good changes infinitely in response to any change in price.

R&D Expenditures

Funds allocated by a government, corporation, or other entity towards research and development activities aimed at innovating and improving products or processes.

Interest-Rate Cost-Of-Funds

The expense associated with borrowing funds, often determined by the interest rate at which money is borrowed.

Expected-Rate-Of-Return

The anticipated percentage of profit or loss an investment is likely to generate.