Acme steel co produces 1000 tons of steel steel sells for, Ask an Expert

Economics

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. What is Acme's contribution to GDP? What are Acme's profits?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707375

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