A corn refining company produces corn gluten cattle feed at a variable cost of $83 per ton. If fixed costs are $120,000 per month and the feed sells for $134 per ton, how many tons should be sold each month to have a monthly profit of $570,000? ..... The company must sell (Round to the nearest whole number as needed.) tons.

A corn refining company produces corn gluten cattle feed at a variable cost of $83 per ton. If fixed costs are $120,000 per month and the feed sells for $134 per ton, how many tons should be sold each month to have a monthly profit of $570,000? ..... The company must sell (Round to the nearest whole number as needed.) tons.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 7MC

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