Refer to the data. Suppose that a new government regulation is going to shut down OZ's mining operation one year from now. If the current price per bar of gold is $25,000, how many bars (in thousands) should OZ extract and sell this year?
The table below shows the quantity of gold bars (Q b ) in thousands, the extraction cost for each thousand bars (in millions of dollars), and user cost of each thousand bars (in millions of dollars) facing the OZ Mining Company this year..
A. 3.
B. 4.
C. 5.
D. As many as possible.
A. 3.
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