Question
K Hyundai Motors is considering three sites-A, B, and C-at which to locate a factory to build its new electric car batteries. The goal
K Hyundai Motors is considering three sites-A, B, and C-at which to locate a factory to build its new electric car batteries. The goal is to locate at a minimum-cost site, where cost is measured by the annual fixed plus variable costs of production. Hyundai Motors has gathered the following data: Variable Cost per Site Annualized Fixed Cost Battery Produced A $10,000,000 B C $24,000,000 $25,000,000 $2,400 $2,100 $1,050 The firm knows it will produce between 0 and 60,000 batteries at the new plant each year, but, thus far, that is the extent of its knowledge about production plans. = a) The value of volume, V, of production above which site C is recommended batteries (round your response up to the next whole number).
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