A steel company in Hamilton can purchase Alberta coal at C$125 per metric tonne (1,000 kg) or West Virginia coal at US$115 per ton (2,200 lb). (1 kg = 2.205 lb) How much cheaper in C$ per metric tonne is the less expensive source if US$0.805 = C$1.00? (Do not round your intermediate calculations. Round your answer to the nearest cent.) Cheaper by C$ per metric tonne

A steel company in Hamilton can purchase Alberta coal at C$125 per metric tonne (1,000 kg) or West Virginia coal at US$115 per ton (2,200 lb). (1 kg = 2.205 lb) How much cheaper in C$ per metric tonne is the less expensive source if US$0.805 = C$1.00? (Do not round your intermediate calculations. Round your answer to the nearest cent.) Cheaper by C$ per metric tonne

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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