The Value Added of an Item Produced Refers To

question 72

Multiple Choice

The value added of an item produced refers to:

• A)a firm's profits on the item sold.
• B)the value of the labour inputs in the production of an item.
• C)the value of a firm's output less the value of its costs.
• D)the value of a firm's output less the value of the intermediate goods that the firm purchases.

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Definitions:

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Issues affecting the natural world, often caused or exacerbated by human activity, including pollution, climate change, and biodiversity loss.

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A system of government in which power is vested in the people, who rule either directly or through freely elected representatives.

Good Leader

An individual who possesses the ability to inspire and guide a group towards achieving a common goal, effectively managing resources and people.

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