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Author Question: Acme Steel Co produces 1000 tons of steel. Steel sells for 30 per ton. Acme pays wages of 10,000. ... (Read 450 times)

crobinson2013

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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


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pangili4

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


crobinson2013

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Reply #2 on: Jun 30, 2018
Thank you :)


pangili4

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Reply #3 on: Jun 30, 2018
Happy to help you


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