Solved

Suppose a Jar of Orange Marmalade That Is Ultimately Sold

Question 108

Multiple Choice

Suppose a jar of orange marmalade that is ultimately sold to a customer at The Corner Store is produced by the following production process:  Name of Company  Revenues  Cost of Purchased Inputs  Citrus Growers Inc. $0.750 Florida Jam Company $2.00$.75 The Corner Store $2.50$2.00\begin{array} { l c c } { \text { Name of Company } } & \text { Revenues } & \text { Cost of Purchased Inputs } \\\text { Citrus Growers Inc. } & \$ 0.75 & 0 \\\text { Florida Jam Company } & \$ 2.00 & \$ .75 \\\text { The Corner Store } & \$ 2.50 & \$ 2.00\end{array} What is the value added of The Corner Store?


A) $0.50
B) $1.75
C) $2.00
D) $2.50

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions