Consider the following information on activities: 
A. Which of the three activities, if any, is value-added?
B. Calculate the non-value-added cost of each activity.
C. Calculate the total value-added cost of the activities.
Definitions:
Pareto Efficient
A state of allocation of resources from which it is impossible to reallocate so as to make any one individual or preference criterion better off without making at least one individual or preference criterion worse off.
Net Benefit
The total positive impact of a decision or action, subtracting any costs or negative effects associated with it.
Trade
The exchange of goods, services, or both between parties, which can occur domestically or internationally.
Perfectly Competitive Market
A market structure characterized by many sellers and buyers, homogeneous products, and the free entry and exit of firms, leading to efficient outcome prices.
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