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Debbie Makes Porcelain Plates in Her Home and Sells Them

question 39

Essay

Debbie makes porcelain plates in her home and sells them to the Opus gallery.She spent $400 last month on supplies and made 50 plates.She sold the plates to the gallery at $25 per plate.The gallery sells all the plates for $40 each.For all of the 50 plates,what is Debbie's total value added? For all the 50 plates,what is the gallery's total value added?


Definitions:

Top 1 Percent

The segment of the population that earns the highest income, often used in discussions of income inequality.

Earners

Individuals or entities that receive income in exchange for providing goods or services, or through investments.

Revenue

The total income generated from the sale of goods or services before any expenses are subtracted.

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