Explain how the answer is inota

Assignment Help Business Economics
Reference no: EM133130412

Problem:

SMELTER

COUNTRY

COMPANY

CAPACITY

VARIABLE COST

FIXED COST

Sorocaba A

Brazil

Other

122

588

238

Zaporozhye

Ukraine

CIS

100

599

122

Grand Baie

Canada

Alcan

180

602

269

Arvida 1

Canada

Alcan

85

668

472

Alouette

Canada

Other

215

692

279

Irkutsk

Russia

CIS

260

712

126

Bratsk

Russia

CIS

850

757

138

Baie Comeau 1

Canada

Reynolds

159

779

390

Boyne Island

Australia

Comalco

244

807

225

Sao Luis

Brazil

Other

357

875

226

Valco

Ghana

Kaiser

200

887

194

Badin B

USA

Alcoa

57.5

920

319

Hannibal

USA

Other

245

946

332

Sundsvall 1

Sweden

Other

76.5

985

335

Lynemouth

UK

Alcan

130

1,024

308

Jebel Ali

Dubai (UAE)

State

245

1,061

88

Fushun 2

China

State

450

1,166

97

Inota

Hungary

State

33.65

1,271

196

Korba

India

State

100

1,518

100

Renukoot B

India

State

30

2,070

110

If these were the only aluminum plants in the world, the most aluminum that could possibly be produced would be their total capacity: 4139.65 tons.

How should we start figuring out what goes on-or what should go on-in this market? Let's think about who would produce aluminum at a given price.

What if worldwide demand were 4000 tons - which would be the "last" plant that produces in this case?

Fushun 2

Fushun 2, together with all the plants with lower variable costs, would bring worldwide production to 3976 tons.

Inota

The plants with variable costs less than Inota's can produce only 3976 tons. Inota is the last, most expensive plant necessary to reach 4000 tons of production.

Korba

4000 tons can be produced even if only plants with lower variable costs than Korba's are in action.

Renukoot B

4000 tons can be produced even if only plants with lower variable costs than Renukoot B's are in action.

Please explain how the answer is INOTA . What was I supposed to add together to get to 4000.

Reference no: EM133130412

Questions Cloud

Articulate the main features of the medicaid plan : Is Medicaid solely a federal program or is it joint with the state level?
What price will you be willing to pay to buy one share : You feel that an investment in this or a similar company is expected to offer a 13% return. What price will you be willing to pay to buy 1 share of First Dawn
Monopolistic competition structure : If a firm was an opiology structure and became monopolistic competition structure what would happen to the price, quantity and economic profit?
What are the external effects of a vaccine : When students start school, they have to prove that they were vaccinated against diseases such as chicken pox, polio, and measles, which can spread quickly thro
Explain how the answer is inota : If these were the only aluminum plants in the world, the most aluminum that could possibly be produced would be their total capacity: 4139.65 tons.
What type of time period for analysis do you have here : A salvage value of $1000. Assume 7% interest. Based on the information provided, what type of time period for analysis do you have here
Prepare the trial balance as at february : The following is the information extracted from the accounting book of Juwita Shop as at 31 January 2022. Prepare the trial balance as at February
Competitive advantage formula : This discussion focuses on our theme for the week: Human Capital as the X Factor in the Competitive Edge Formula. Read the Boone, Eckardt, Lepak, and Bosell (20
Impact of sanctions on russian economy : Impact of sanctions on Russian economy as consequence of Ukraine war Data Analysis - complete research evaluation tasks in a timely manner

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd