I'm not sure if I just do 25,000-18,000 to get $7,000 as the value added or if I also have to consider the steel mill and do 18,000-10,000 to get 8,000 and then add that to the 7,000 and get $15,000. **Table 5: Stages of Production of an Automobile**The table below illustrates the sequential stages involved in the production and sale of an automobile, including the corresponding sellers, buyers, and prices at each stage.| **Stage of Production** | **Seller** | **Buyer** | **Price** ||-------------------------|---------------------|--------------------|-----------|| 1 | Steel mill | Auto manufacturer | $10,000 || 2 | Auto manufacturer | Auto dealer | $18,000 || 3 | Auto dealer | Consumer | $25,000 |**Analysis Question:**20) *Refer to Table 5.* The value added by the automobile dealer equals:A) $7,000 B) $15,000 C) $18,000 D) $25,000 Note: To determine the value added at each stage, subtract the purchase price from the selling price for that specific transaction.

Value added by the actual value added by a person in GDP. GDP is is gross domestic product. GDP…

Stage of Production 1 2 3 Table 5 B) $15,000. C) $18,000. D) $25,000. Seller Steel mill Auto manufacturer Auto dealer Buyer Auto manufacturer Auto dealer Consumer Consider the table above showing three stages of production of an automobile. 20) Refer to Table 5. The value added by the automobile dealer equals A) $7,000. Price $10,000 18,000 25,000

Stage of Production 1 2 3 Table 5 B) $15,000. C) $18,000. D) $25,000. Seller Steel mill Auto manufacturer Auto dealer Buyer Auto manufacturer Auto dealer Consumer Consider the table above showing three stages of production of an automobile. 20) Refer to Table 5. The value added by the automobile dealer equals A) $7,000. Price $10,000 18,000 25,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Geometric gradient. C.1.) A graduating class of civil engineers decides they will present the engineering college with a gift of $100,000 at their twenty-fifth reunion. There are 50 in the class and they can invest at 8 percent. They plan to start out giving a small amount at the end of the first year and in- crease their gifts to the class fund by 10 percent each year. Find the amount each graduate would donate at the end of the first year in order to reach their class goal of $100,000 at the end of 25 years. (Ans. C= $10.03)
Please explain step by step (Engineering Econ)
a) Write an expression for 8(t) (aka: force of interest) such that its accumulation function is the same as a 2% rate of simple interest. b) What is 8(8)?
2
Describe the Decision Rule for Simple Investments?
6
Express the attitude to following statement: “A prestige involvement in decision making process can be the part on intangible remuneration” I agree I agree only if this remuneration is presented in an amount of money and forms a part of personal cost I do not agree I agree only if it is unrepeated remuneration Audit is control which is realized by Senior employees Independent persons Command units of a company Managers A power of business to bring certain effect regardless the sources of finance used and the tax rate is indicated with EAT Debit/Equity Ration EBIT P/E Ration Static methods of investment effectiveness Doesn’t respect the factor of time Respect the factor of time Doesn’t respect the factor of cash-flows Respect factor of risk Administration load is the greatest for Public company Limited partnership Limited company Joint-stock company A low amount of current assets usually means Low employment of fixed assets Risk of insolvency Funding of short-term assets with…
Only typed answer
During a year of operation, a firm collects $50,000 in sales revenue and spends $10,000 on salaries of workers, $1,520 on electricity and utilities, $6,000 on raw materials. The firm owner had to leave his job which was paying $30,000 of annual salary. The firm owner also used $5,000 of his personal savings, which was earning a guaranteed 5 percent annual rate of return. calculate The firm earns accounting profit, The firm's economic profit.
7. 3 decimal places in final answer
discussing factors of production. What is the difference between the rates of return for a renewable and nonrenewable resource? How do the rates of return on capital and land differ between a renewable and nonrenewable resource? How does the growing demand for food, fuel, and export affect the market for land?