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MMLU-Pro / 7616 / Given the cost schedule for the Northwestern Lumber Company, find a) the range…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Given the cost schedule for the Northwestern Lumber Company, find a) the range over which profit can be made b) the point at which profit is maximized, if price = $52.50 per thousand board feet.

category

economics

options

  1. Profitable range is 4,000 to 8,000 board feet per day, maximum profit at 7,000 board feet per day
  2. Profitable range is 7,000 to 11,000 board feet per day, maximum profit at 10,000 board feet per day
  3. Profitable range is 7,500 to 11,500 board feet per day, maximum profit at 10,500 board feet per day
  4. Profitable range is 5,000 to 10,000 board feet per day, maximum profit at 6,000 board feet per day
  5. Profitable range is 6,500 to 10,500 board feet per day, maximum profit at 9,500 board feet per day
  6. Profitable range is 8,000 to 12,000 board feet per day, maximum profit at 11,000 board feet per day
  7. Profitable range is 5,000 to 9,000 board feet per day, maximum profit at 8,000 board feet per day
  8. Profitable range is 6,000 to 10,000 board feet per day, maximum profit at 9,000 board feet per day
  9. Profitable range is 6,000 to 11,000 board feet per day, maximum profit at 8,000 board feet per day
  10. Profitable range is 5,500 to 9,500 board feet per day, maximum profit at 8,500 board feet per day

src

stemez-Economics

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Source and history

upstream_id / Original problem ID
7616
task_id
8f66a447-8734-5187-a763-2f87ad987ea7
task_key
default--test--7616
task_revision_id
1
config / split
default / test

Official source

initial import