A Firm's Value Added Equals

question 10

Multiple Choice

A firm's value added equals

• A)its revenue minus all of its costs.
• B)its revenue minus its wages.
• C)its revenue minus its wages and profit.
• D)its revenue minus its cost of intermediate goods.
• E) none of the above

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Definitions:

Uric Acid

A waste product formed from the breakdown of purines, excreted in urine, high levels of which can lead to gout and kidney stones.

Protonephridia

Protonephridia are excretory structures found in some invertebrates, such as flatworms, consisting of a network of dead-end tubules connected to external openings.

Flatworm

A group of simple, soft-bodied invertebrates that belong to the phylum Platyhelminthes, characterized by their flattened bodies and lack of specialized respiratory and circulatory systems.

Ammonia

A compound of nitrogen and hydrogen (NH3) that is a byproduct of the metabolism of animals and is used in various industrial processes.