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1 Consider the following cost structures for three oil producers: [ Fossils R Us ( Plant and property = $900,000 ...,,,....Extraction Cost per barrel =
1 Consider the following cost structures for three oil producers: [ Fossils R Us ( Plant and property = $900,000 ...,,,....Extraction Cost per barrel = $45 ..,,... Capacity per day = 100,000 barrels )] , for another oild producer [ Green House Oils ( Plant and property = $15,00,000....,,,..... Extraction Cost = $31 ...,,....Capacity per day = 140,000 barrels )] for another oil producer [ Shale Ale ( Plant and property = $1,000,000 ..,,... Extraction cost per barrle = $40 ,.. Capacity per day = 80,000 )] if the price if barrle is currently $42 , what is the amounts of barrels produced by these suppliers ? ...options are A = 140,000 barrles ...Option-B = between 140,000 and 220,000 barrles and option-C =220,000 ...,,... Options-D = Between 220,000 and 320,0000
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