Question 9. Problem 21-5 Homework: Lab #8 Part 1 of 8 BHP Billion is the world's largest mining firm. BHP expects to produce 1.50 billion pounds of copper next year, with a production cost of $0.75 per pound b. What will be BHP operating profit from copper next year if the firm enter into a contract to supply copper to end users at an average price of $1,36 per pound? What will be BHP operating profit from copper next year if the price of copper i 51.15, 6140, or $165 per pound, and the firm plans to sell all of its copper next year at the poing price? d. For each of the situations below, indicate which of the strategies (al. (b), (e) might be optimal What will be pre operating prop from copper mest your copper prices we described as in part (), send the firm enters into supply contracts as in part (b) for only 50% of its total output? HD . What will be HPs operating profit from copper next you the price of copper in 51.15, 11.40,04 31.65 per pound, and the tom plans to sell of its cooper next year at the going price? The operating profit whe when the price per pound is 51.15 will be Miten Pound to no decimal places)