Question

if a firm bakes cookies and sells them for $1,000 while spending $200 on sugar, $150 on chocolate, $50 on other supplies, $300 on wages and $400 on rent, what is its value added? $300 $0 $700 $200 $400

Answer 1

The answer is  $700

If a firm bakes cookies and sells them for $1,000 while spending $200 on sugar, $150 on chocolate, $50 on other supplies, $300 on wages and $400 on rent, the value added is $700.

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