3. After mining 9273 tonnes of coal, Blue Sky Minings managers note that the marginal cost of...
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3. After mining 9273 tonnes of coal, Blue Sky Mining’s managers note that the marginal cost of mining the next tonne would be
$40 per tonne. They also calculate that the user cost of mining that next tonne would be $35. If the market price of coal is
$72, should Blue Sky mine an additional tonne? [LO19B.3]
a. Yes
b. No
c. More information is needed
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Related Book For
Microeconomics
ISBN: 9781108420969
15th Canadian Edition
Authors: Campbell R. Mcconnell, Stanley L. Brue, Sean M. Flynn, Thomas P. Barbiero
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