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Author Question: Value added is defined as: a. the price of the product multiplied by the quantity produced. b. ... (Read 109 times)

KimWrice

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
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.


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