Economic feasibility of two methods is examined for meeting a targeted mine production. On a yearly basis, the following cost parameters (Rs in crores) are applicable for these methods.
Method 1 | Method 2 | |
---|---|---|
Fixed cost | 20 | 5 |
Variable cost | 2X | X² |
The annual rate of production, ‘X’ in million tonnes for which both the methods will yield the same operating cost is ______.
Min: 5 Max: 5
Answer: 5
India's No. 1 test series for GATE Mining exam
© 2024-2025 examtestseries.com
All rights reserved.