Problems$-2\mathrm{.}24$

$2-24.$ A production plant has the capacity to produce $2,000$ tons per year. At full capacity, there are total variable costs of $$2,000,000$ and fixed costs of $$700,000.$

$(2\mathrm{.}2)$

$2.$ What is the annual profit for the plant when working at full capacity $(2,000$ tons$)$ and the product sells for $$0\mathrm{.}80$ per pound?

b$.$ What is the total cost per pound at full capacity?