The Compagnie Naturelie Sells Mounted Butterflies,using Butterfly Bait It Buys

question 48

Multiple Choice

The Compagnie Naturelie sells mounted butterflies,using butterfly bait it buys from another firm for $20 thousand.It pays its workers $35 thousand,pays $1 thousand in taxes,and has profits of $3 thousand.What is its value added?

• A)$3 thousand
• B)$19 thousand
• C)$39 thousand
• D)$59 thousand

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Definitions:

Consumer Considers

Factors or elements that consumers take into account when making purchasing decisions.

Value

The importance, worth, or usefulness of something, often in terms of monetary worth.

Price

The amount of money required to purchase a good or service.

Price Lining

Grouping product prices into ranges, such as low-, medium-, and high-priced items.