A corn refining company produces corn gluten cattle feed at a variable cost of $83 per ton. If fixed costs are $130,000 per month and the feed sells for $134 per ton, how many tons should be sold each month to have a monthly profit of $550,000?
A corn refining company produces corn gluten cattle feed at a variable cost of $83 per ton. If fixed costs are $130,000 per month and the feed sells for $134 per ton, how many tons should be sold each month to have a monthly profit of $550,000?
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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A corn refining company produces corn gluten cattle feed at a variable cost of $83 per ton. If fixed costs are $130,000 per month and the feed sells for $134 per ton, how many tons should be sold each month to have a monthly profit of $550,000?
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