In Lumberville, the Lumberjack Cuts Trees and Sells Them to the Local

question 44

Multiple Choice

In Lumberville, the lumberjack cuts trees and sells them to the local mill for $500. The local mill processes these trees into wood planks and sells them to the carpenter for $800. Finally, the carpenter uses these wood planks to make tables which he sells for $1400 to Lumberville's residents. If we allowed double counting, the total value of Lumberville's output would be calculated as . But if we correctly compute the total value added, the value of the total output in Lumberville would be .

• A)$2700; $1400
• B)$2200; $4200
• C)$2200; $2700
• D)$4200; $2700
• E)$1400; $1400

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Definitions:

Iodoform Reaction

A chemical reaction that results in the formation of iodoform, used as a test for the presence of methyl ketones or secondary alcohols.

Methyl Ketone

A type of ketone compound in which a methyl group is directly bonded to the carbonyl carbon.

Major Organic Product

The primary product formed in greater quantity in an organic chemical reaction, in contrast to minor products.

Major Organic Product

The principal compound formed in the highest quantity in a chemical reaction, considering the reactants and conditions.