If a Pizza Maker Pays $1 for Tomatoes,$1 for Cheese,$2

question 192

Multiple Choice

If a pizza maker pays $1 for tomatoes,$1 for cheese,$2 for sausage,and sells the pizza made with these ingredients for $7,then each pizza sold contributes how much to GDP?

• A) $3.
• B) $4.
• C) $7.
• D) $9.
• E) $11.

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Definitions:

Product Life Cycle

Describes the progression of a product through different market phases, including its launch, rapid growth, saturation, and eventual phase-out.

New Product Features

Innovations or improvements added to a product to enhance its performance, usability, or attractiveness to consumers.

Maturity Stage

A phase in the product life cycle where growth stabilizes, and sales peak but do not significantly increase or decrease.

Highest Success Rate

Refers to the scenario or method that achieves the desired outcomes or objectives most consistently over others.