Alejandro owns a store specializing in soccer jerseys. In 2012, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added (producer surplus) at Alejandro's store in 2012? $490,000 $280,000 $110,000 $70,000
Alejandro owns a store specializing in soccer jerseys. In 2012, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added (producer surplus) at Alejandro's store in 2012? $490,000 $280,000 $110,000 $70,000
Chapter1: Making Economics Decisions
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