Multiple Choice
In Shoetown,a rancher takes $0 worth of inputs and produces animal skins,which he sells to the tanner for $400.The tanner then sells leather to the shoemaker for $700,and the shoemaker then sells $1200 worth of shoes.The value added by the tanner is
A) $0.
B) $300.
C) $400.
D) $500.
E) $1200.
Correct Answer:
Verified
Correct Answer:
Verified
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