Solved

If a Firm Hires Labor for $6,000,pays Rent of $2,000,buys

Question 109

Multiple Choice

If a firm hires labor for $6,000,pays rent of $2,000,buys raw materials for $10,000,earns profits of $800,and sells its output for $25,000,the firm's value added is


A) $6,200
B) $9,000
C) $15,000
D) $18,000
E) $18,800

Correct Answer:

verifed

Verified

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

Related Questions

Q104: If nominal GDP increases by 3 percent

Q105: The economy's production possibilities depend on what

Q106: If real GDP equals $200 billion this

Q107: Which of the following actions would not

Q108: The statement that "GDP values all output

Q111: If currently illegal drugs are made legal,GDP

Q112: If the GDP deflator is 100 this

Q113: Ann's Adventures,Inc.organizes and leads backpacking trips for

Q114: If the CPI is 220 one year

Q137: If nominal GDP increases by 4 percent,