Value Added Is Defined as

question 87

Multiple Choice

Value added is defined as

• A)the value of productivity gains that arise when a firm increases its capital-labor ratio.
• B)the difference between the value of all resources used to produce a product and the final selling price of that product.
• C)the amount by which the value of a firm's output exceeds the value of the goods and services the firm purchases from other firms.
• D)the cost savings that a firm enjoys when it reduces the cost of its resources by employing a more efficient production method.

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Definitions:

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