In Shoetown, a Rancher Takes $0 Worth of Inputs and Produces

question 33

Multiple Choice

In Shoetown, a rancher takes $0 worth of inputs and produces animal skins, which he sells to the tanner for $400. The tanner then sells leather to the shoemaker for $700, and the shoemaker then sells $1200 worth of shoes. The value added from these transactions is

• A)$ 800.
• B)$2300.
• C)$2500.
• D)$1200.
• E)$1000.

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Definitions:

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of four haploid cells, crucial for sexual reproduction.

Diploid Chromosome Number

The total number of chromosomes in a diploid cell, which includes two sets of chromosomes, one from each parent.

Gamete

A mature haploid male or female germ cell which is able to unite with another of the opposite sex in sexual reproduction to form a zygote.

Sister Chromatids

Identical copies of a chromosome that are connected by a centromere and separated during cell division.