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 195 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?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

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?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

A seashell vendor in Tanzania sells to tourists seashells which have been taken from the sea alive, A seashell vendor in Tanzania sells to tourists seashells which have been taken from the sea alive,
Dissolution of the Geosphere Produces Karst Terrain Dissolution of the Geosphere Produces Karst Terrain
Start the vehicle’s engine and let run at 1000–1500 RPM. The engine is now running on fuel ... Start the vehicle’s engine and let run at 1000–1500 RPM. The engine is now running on fuel ...
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ... Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ...
Video: Wound Care

For a complete list of videos, visit our video library