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 451 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?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

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?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Faulty outlooping produces lambda phage containing bacterial DNA Faulty outlooping produces lambda phage containing bacterial DNA
Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a
Daniel Burnham’s Flatiron Building (1902) was one of the first to use steel girders to hold up the b Daniel Burnham’s Flatiron Building (1902) was one of the first to use steel girders to hold up the b
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 ...
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: Primary and secondary response to infection

For a complete list of videos, visit our video library