Q.1.8 and Q.1.9 are based on the table below, which describes the process by which a loaf of bread is made available to a consumer as a final good. Price (R) of a loaf of bread Farmer sells wheat to miller 5,00 Miller sells flour to baker 6,00 Baker sells bread to grocer 10,00 Grocer sells bread to consumer 12,00 Q.1.8 The total value of a loaf of bread is: (1) R7,00; (2) R12,00; (3) R33,00; (4) R10,00.

Q.1.8 and Q.1.9 are based on the table below, which describes the process by which a loaf of bread is made available to a consumer as a final good. Price (R) of a loaf of bread Farmer sells wheat to miller 5,00 Miller sells flour to baker 6,00 Baker sells bread to grocer 10,00 Grocer sells bread to consumer 12,00 Q.1.8 The total value of a loaf of bread is: (1) R7,00; (2) R12,00; (3) R33,00; (4) R10,00.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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