Author Question: Value added is defined as: a. the price of the product multiplied by the quantity produced. b. ... (Read 111 times)

KimWrice

  • Hero Member
  • *****
  • Posts: 579
Value added is defined as:
 a. the price of the product multiplied by the quantity produced.
  b. total sales revenue divided by the quantity produced.
  c. total sales revenue minus sales taxes.
  d. the value of total product minus raw materials costs.

Question 2

The wage and price controls of the 1940s eventually led to:
 a. black markets.
  b. forced uptrading.
  c. calls for nationalizing the nation's cattle herds.
  d. All of the above are correct.



T4T

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

d. the value of total product minus raw materials costs.

Answer to Question 2

d. All of the above are correct.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

For a complete list of videos, visit our video library