Business, 07.05.2021 01:10, Tyrant4life
Chinese steel company Wuhan Iron and Steel has found a chromium deposit in northwestern Xinjiang, not far from the Kazakh border. (Chromium is added to steel to make stainless steel, which is highly resistant to corrosion and discoloration.) WIS's MWTP for the chromium is 31200 - 520 Q, and the marginal cost of extraction is $5200 per ton. How much would the mine have to produce to satisfy every economic use, i. e. every use for which the value of the use is greater than the cost of extraction
Answers: 3
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Chinese steel company Wuhan Iron and Steel has found a chromium deposit in northwestern Xinjiang, no...
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