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Question 20 (1 point) A manufacturer needs 1 million tons of goods next year. The current market price for a basket of these goods is

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Question 20 (1 point) A manufacturer needs 1 million tons of goods next year. The current market price for a basket of these goods is $52.00 per ton. At this price, the firm expects its EBIT to be $50 million. What will be the firm's EBIT if it enters into a supply contract for the goods for a fixed price of $55.00 per ton? A) $45 million B) $46 million OC) $47 million D) $50 million E) $53 million

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