Answered: A firm produces and sells a good for…

A firm produces and sells a good for $95. To produce this good they purchased materials for $11, they paid wages of $31, and they paid rent of $15. What is the firm's value added?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter26: Factor Markets: With Emphasis On The Labor Market

Section26.1: Factor Markets

Problem 4ST

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A firm produces and sells a good for $95. To produce this good they purchased materials for $11,
they paid wages of $31, and they paid rent of $15. What is the firm's value added?
Enter a whole number with no dollar sign.

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