What Is the Definition of Value Added

question 92

Multiple Choice

What is the definition of value added?  

• A) the sum of all income earned by resource suppliers 
• B) actual investment minus planned investment 
• C) any payment of income that adds to the domestic spending stream 
• D) the value of a product minus the cost of materials

Comprehend the impact of beliefs about intelligence (fixed vs. growth mindset) on learning and achievement.

Identify the interplay of genetics and environment in shaping intelligence.

Understand how stereotypes and expectations can influence test performance.

Learn the importance of cognitive activities and environments in fostering intelligence.

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Definitions:

Marginal Cost

The financial outlay required to produce an additional unit of a product or service.

Fixed Cost

Expenses that do not change with the amount of goods or services produced, such as rent, salaries, and insurance premiums.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market.

Industry Price

The general cost at which goods or services are sold within a particular industry, influenced by supply, demand, and competition.