"Value added" is defined as:
a. the price of the product multiplied by the quantity produced.
b. total sales revenue divided by the quantity produced.
c. total sales revenue minus sales taxes.
d. the value of total product minus raw materials costs.
d. the value of total product minus raw materials costs.
Economics
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If the supply curve for housing has the normal positive slope, rent controls are likely to: a. increase the quantity of available housing
b. improve the quality of available housing c. create a larger shortage than if the supply curve were vertical. d. help low-income families find suitable housing.
Economics
"Shifting resources from the production of other goods to the production of national security goods may not increase a nation's national security.". Explain
Economics