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Author Question: Jimmy Earl, a farmer, sells 20 worth of peanuts to a factory that manufactures peanut butter, which ... (Read 103 times)

darbym82

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on: Jun 30, 2018
Jimmy Earl, a farmer, sells 20 worth of peanuts to a factory that manufactures peanut butter, which sells it for 45 . Which of the following is true?
 a. Total value added is 65.
 b. The value of final sales is 65.
  c. The value of final sales is 25.
  d. Total value added is 25.
 e. Total value added is 45.

Question 2

Which of the following would cause the demand for labor to change?
 a. c and e.
  b. A change in the cost of living.
  c. Changes in the wage rate.
  d. Movements along the labor demand curve.
  e. A change in the price of the good produced.


bulacsom

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

e


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