Table 6-6 Shows the Different Stages in the Production of an Office

question 85

Multiple Choice

Table 6-6 shows the different stages in the production of an office building. A mining firm extracts iron from the earth. A steel mill converts the iron to steel beams for use in construction. A construction company uses the steel beams to make a building. Assume that the total product of these firms represents the only components of the building and that they will have no other uses.
Table 6-6

-Refer to Table 6-6. Suppose the value-added tax is 10%. What is the total VAT collected from all stages of production including final sale?

• A) $1,050,000
• B) $127,500
• C) $95,000
• D) $72,500

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Definitions:

Sodium

A chemical element, represented by the symbol Na, that plays critical roles in the body, including maintaining fluid balance and conducting nerve impulses.

Synaptic Cleft

The tiny gap between neurons at a synapse, through which neurotransmitters are released to transmit signals from one neuron to another.

Dendrites

The branched extensions of a neuron that receive signals from other neurons or sensory stimuli and transmit them toward the cell body.

Axon

An extended, slim part of a nerve cell, also known as a neuron, that usually carries electrical currents away from the main cell body of the neuron.