|
Title: Acme Steel Co. produces 1000 tons of steel. Steel sells for $30 per ton. Acme pays wages of $10,000. Post by: Ao9 on Oct 27, 2015 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) $3,000. B) $0. C) $15,000. D) $2,000. Title: Re: Acme Steel Co. produces 1000 tons of steel. Steel sells for $30 per ton. Acme pays wages of $10, Post by: Gordis on Oct 30, 2015 Content hidden
Title: Re: Acme Steel Co. produces 1000 tons of steel. Steel sells for $30 per ton. Acme pays wages of $10,000. Post by: Ao9 on Nov 2, 2015 You're sharp, thanks!
Title: Re: Acme Steel Co. produces 1000 tons of steel. Steel sells for $30 per ton. Acme pays wages of $10,000. Post by: Gordis on Nov 2, 2015 I'm assuming I was right? ;) Don't forget to mark as solved.
|