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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

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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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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