Question: Use this information for the question below. Low-Grade Copper Ore $571 per Ton High-Grade Copper Ore $843 per Ton Coloma Cooper Incorporated is able to
Use this information for the question below.
Low-Grade Copper Ore $571 per Ton
High-Grade Copper Ore $843 per Ton
Coloma Cooper Incorporated is able to produce $640 worth of copper from one ton of low-grade copper ore. Because of its higher copper content, Coloma can produce $940 worth of copper from one ton of high-grade copper ore. A mining company is offering to trade 7,250 tons of low-grade copper ore for 5,000 tons of high-grade copper ore.
Assuming Coloma currently has 5,000 tons of high-grade ore, what should it do?
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