A. How much is the net profit using the first method?B. Which Method is better? The ore of a copper mine in Visayas contains, 700 grams of copper per ton. First method of processing costs Php 1,050 per ton andrecovers 94% of the copper, while another method costs only Php 900 per ton and recovers 80% of the copper. If copper can besold at Php 10 per gram'

Answered: covers 94% of the copper, while another…

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Economics

covers 94% of the copper, while another method costs only Php 900 per ton and recovers 80% of th ld at Php 10 per gram

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A. How much is the net profit using the first method?

B. Which Method is better?

The ore of a copper mine in Visayas contains, 700 grams of copper per ton. First method of processing costs Php 1,050 per ton and
recovers 94% of the copper, while another method costs only Php 900 per ton and recovers 80% of the copper. If copper can be
sold at Php 10 per gram'

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