The Following Table Illustrates the Value Added in the Production

question 167

Essay

The following table illustrates the value added in the production of a litre of petrol by each stage of production.(The values are hypothetical,and there are no excise taxes or sales taxes.)
$\begin{array}{|l|c|l|}\hline \text { Stage of } & & \\\text { Production } & \text { Value of Sales (\$) } & \text { Value Added (\$) } \\\hline \text { Oil drilling } & 0.60 & \\\hline \text { Refining } & 1.10 & \\\hline \text { Shipping } & 1.35 & \\\hline \text { Retail sales } & 1.45 & \\\hline\end{array}$ a.What is the value added by each stage of production?
b.What is the total value added?
For simplicity,you can ignore the cost of the inputs for oil drilling.
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Definitions:

Expensive Show

A display, performance, or event that involves a significant financial cost.

Invalid Argument

An argument whose conclusion does not logically follow from its premises, even if all the premises are true.

True Conclusion

An outcome of reasoning or argumentation that accurately reflects reality or fact.

Enthymeme

A categorical syllogism with an unstated premise or conclusion.