A business buys $5,000 worth of resources to produce a product. The business makes 100 units of the product and each of them sells for $65. The value added by the business to these products is: 14 Multiple Choice $5,000 $6,500 $1,000 $1,500

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter11: Price And Output Determination: Monopoly And Dominant Firms
Section: Chapter Questions
Problem 1E
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Q14

A business buys $5,000 worth of resources to produce a product. The business makes 100 units of the product and each of them sells for $65. The value added by the business to these products is:
14
Multiple Choice
$5,000
$6,500
$1,000
$1,500
Transcribed Image Text:A business buys $5,000 worth of resources to produce a product. The business makes 100 units of the product and each of them sells for $65. The value added by the business to these products is: 14 Multiple Choice $5,000 $6,500 $1,000 $1,500
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