This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Acme Steel Co produces 1000 tons of steel. Steel sells for 30 per ton. Acme pays wages of 10,000. ... (Read 430 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
Acme Steel Co produces 1000 tons of steel. Steel sells for 30 per ton. Acme pays wages of 10,000. Acme buys 15,000 worth of coal, which is needed to produce the steel. Acme pays 2,000 in taxes. Acme's profit is
 
  A) 0.
  B) 2,000.
  C) 3,000.
  D) 15,000.

Question 2

Assuming a real interest rate of four percent, which of these causes the largest increase in the present value of lifetime resources?
 
  A) a winning lottery ticket that pays 9,600 today
  B) an additional 10,000 of income in the future period
  C) a salary increase of 5,000 both today and in the future period
  D) an additional 10,000 of current wealth


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pangili4

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


crobinson2013

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jun 30, 2018
Thank you :)


pangili4

  • Sr. Member
  • ****
  • Posts: 346
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Use caution if using a steel scraper to remove a gasket from aluminum parts. It is best to use a ... Use caution if using a steel scraper to remove a gasket from aluminum parts. It is best to use a ...
This battery shows a large “1000” on the front panel but this is the CA rating and not the ... This battery shows a large “1000” on the front panel but this is the CA rating and not the ...
Secondary response begins more rapidly after exposure to antigen, produces more antibodies, and ... Secondary response begins more rapidly after exposure to antigen, produces more antibodies, and ...
Effect of Education on Wages Effect of Education on Wages
Share of Human Capital in Wages in Developing Countries Share of Human Capital in Wages in Developing Countries
Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ... Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ...
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library