Multiple Choice
If a firm hires labor for $8,000,pays rent of $4,000,buys raw materials for $13,000 from another firm,earns profits of $1,200,and sells its output for $31,000,the value added by the firm is _____.
A) $4,800
B) $10,000
C) $18,000
D) $25,000
E) $26,200
Correct Answer:
Verified
Correct Answer:
Verified
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