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Acme Steel Co

Question 7

Multiple Choice
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

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.
E) $25,000.

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