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If a Firm Hires Labor for $20,000,pays Rent of $12,000,buys

Question 93

Multiple Choice

If a firm hires labor for $20,000,pays rent of $12,000,buys raw materials for $6,000 from another firm,earns profits of $3,000,and sells its output for $41,000,the value added by the firm is _____.


A) $0
B) $15,000
C) $35,000
D) $38,000
E) $41,000

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