37-39:Ocean water contains 0.9 ounces of gold per ton. Methe processed and will recover 90% of the metal. Method B costs S will recover 60% of the metal. The two methods require the sar of producing the same amount of gold each day. The extracted ounce. The supply of ocean water is essentially unlimited. What profit is realized if Method A is applied? $1,417.50
37-39:Ocean water contains 0.9 ounces of gold per ton. Methe processed and will recover 90% of the metal. Method B costs S will recover 60% of the metal. The two methods require the sar of producing the same amount of gold each day. The extracted ounce. The supply of ocean water is essentially unlimited. What profit is realized if Method A is applied? $1,417.50
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![37.
37-39: Ocean water contains 0.9 ounces of gold per ton. Method A costs $550 per ton of water
processed and will recover 90% of the metal. Method B costs $400 per ton of water processed and
will recover 60% of the metal. The two methods require the same capital investment and are capable
of producing the same amount of gold each day. The extracted gold can be sold for $1,750 per
ounce. The supply of ocean water is essentially unlimited.
What profit is realized if Method A is applied?
$1,417.50
$945
$545
$867.50
38.
What profit is realized if Method B is applied?
$1,417.50
$867.50
$945
$545](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa907dd6a-efe6-411d-9d78-2b9093ad27ee%2Fae72bcf8-70ff-4d45-9437-774c4b23b2cf%2F64sknfu_processed.jpeg&w=3840&q=75)
Transcribed Image Text:37.
37-39: Ocean water contains 0.9 ounces of gold per ton. Method A costs $550 per ton of water
processed and will recover 90% of the metal. Method B costs $400 per ton of water processed and
will recover 60% of the metal. The two methods require the same capital investment and are capable
of producing the same amount of gold each day. The extracted gold can be sold for $1,750 per
ounce. The supply of ocean water is essentially unlimited.
What profit is realized if Method A is applied?
$1,417.50
$945
$545
$867.50
38.
What profit is realized if Method B is applied?
$1,417.50
$867.50
$945
$545
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