Jimmy Earl,a Farmer,sells $20 Worth of Peanuts to a Factory

question 149

Multiple Choice

Jimmy Earl,a farmer,sells $20 worth of peanuts to a factory that manufactures peanut butter,which sells it for $45.Which of the following is true?

• A)Total value added is $65.
• B)The value of final sales is $65.
• C)The value of final sales is $25.
• D)Total value added is $25.
• E)Total value added is $45.

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Definitions:

Conscious Thinking

The active process of engaging in thoughts, ideas, or problem-solving with awareness.

Cognitive Theories

Theories focused on understanding how people think, perceive, remember, and learn, explaining various aspects of human behavior and development.

Development

The process of growth or improvement over time, which can be applied in contexts like economic, social, or personal development.

Information-Processing Theory

A cognitive approach that likens human thinking to the way computers process information, focusing on the ways information is encoded, stored, and retrieved.