The Value Added of a Producer Is the

question 3

Multiple Choice

The value added of a producer is the

• A)total amount for which all its products sell minus its change in inventories.
• B)value of its total sales once externalities are accounted for.
• C)value of its output minus the value of the inputs it purchases from other producers.
• D)quality-adjusted amount of its total sales less any commissions paid.

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Definitions:

Inferior Oblique

A muscle in the eye that contributes to the upward and outward movement of the eyeball.

Optic Canal

A narrow passageway in the sphenoid bone of the skull through which the optic nerve and ophthalmic artery pass to the eye.

Agonist

A substance that fully activates the receptor it binds to, producing a maximal biological response.

Inferior Rectus

A muscle in the eye that controls downward eye movements, part of the extraocular muscles.