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1. Due to a pre-existing contract, you have the opportunity to acquire 10,000 pounds of...

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Finance

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1. Due to a pre-existing contract, you have the opportunity to acquire 10,000 pounds of scrap aluminum and 2500 pounds of scrap lead for $10,750. If the current market price for scrap aluminum is $0.83 per pound and the current market price for lead is $1.06 per pound, then the added benefit (cost) to you if you acquire this metal is: A) ($200) B) $200. C) ($1925). D) $1925

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