A mining company plans to start mining activities in a locat…
A mining company plans to start mining activities in a location having high quality bauxite. The mining company designs a survey to find out if the mining operations would be economically beneficial. The company calculates the costs and earnings listed below. A: Cost of land for miningB: Cost of equipmentC: Cost of laborD: Miscellaneous costs related to miningE: Earnings from selling the resulting mineral Based on the survey, the mining company concludes that it would be economically feasible for them to start the mining operations because E is greater than A + B + C + D. Which of these statements best describes a flaw in the survey? (4 points)