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Canadian Metals Inc., a leading Canadian manufacturer of lithium, a silver white metal used in alloys and in computer batteries, estimates the following demand schedule

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Canadian Metals Inc., a leading Canadian manufacturer of lithium, a silver white metal used in alloys and in computer batteries, estimates the following demand schedule for its product: Price (CN$ / kilo) Quantity (Kilos / period) 25 0 18 1,000 16 2,000 14 3,000 12 4,000 10 5,000 8 6,000 6 4 7,000 8,000 2 9,000 is as follows: Fixed costs of manufacturing lithium are CN$ 14,000 per period. The firm's variable cost schedule Output (Kilos/ period) Variable cost (CN$ per kilo) 0 0 1,000 10.00 2,000 8.50 3,000 7.33 4,000 6.25 5,000 5.40 6,000 5.00 7,000 5.14 8,000 5.88 9.000 7.00 Required: 5

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