Chinese steel company Wuhan Iron and Steel has found a chromium deposit in northwestern Xinjiang, not far from the Kazakh border. (Chromium is added to steel to make stainless steel, which is highly resistant to corrosion and discoloration.) WIS's MWTP for the chromium is 31200 - 520 Q, and the marginal cost of extraction is $5200 per ton. How much would the mine have to produce to satisfy every economic use, i. e. every use for which the value of the use is greater than the cost of extraction

Which of the following is a problem for the production of public goods?

How does the economy of cuba differ from the economy of north korea? in north korea, the government’s control of the economy has begun to loosen. in cuba, the government maintains a tight hold over the economy. in cuba, the government’s control of the economy has begun to loosen. in north korea, the government maintains a tight hold over the economy. in north korea, there is economic uncertainty in exchange for individual choice. in cuba, there is economic security in exchange for government control. in cuba, there is economic uncertainty in exchange for individual choice. in north korea, there is economic security in exchange for government control.\

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices