Future according to demand and supply

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Japanese researchers compared various methods, using different catalysts and processes, to produce fatty acid methyl ester (FAME) from waste cooking oil at a scale of 7269 tons a year. With the CaO-D method, the average fixed cost is $232 per ton and average variable cost is $391 per ton (including the cost of 3226 kilograms of methanol). With the KOH-D method, the average fixed cost is $225 per ton and average variable cost of $416 per ton (including the cost of 3970 kilograms of methanol).

a) The price of FAME will fluctuate in the future according to demand and supply. Which method has the lower break-even price in the: (i) short run, (ii) long run?

b) You are setting up a factory to produce FAME, which method would you choose, CaO-D or KOH-D based on NPV calculations?

c) How would an increase in the price of methanol affect the choice between the two methods?

Reference no: EM132361671

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