Table 19-5 Consider the Table Above Showing Three Stages of Stages

question 101

Multiple Choice

Table 19-5
Consider the table above showing three stages of production of an automobile.
-Refer to Table 19-5. The value of each automobile in gross domestic product equals

• A) $7,000.
• B) $15,000.
• C) $18,000.
• D) $25,000.

---

Definitions:

Hot Dog

A cooked sausage, traditionally grilled or steamed and served in a sliced bun as a sandwich.

Bakery

A place where bread, cakes, cookies, and other baked goods are made or sold.

Cannibalization

The decline in the number of units sold, income, or market control of a product following the release of a new product by the same company.

MR

Marginal Revenue, the change in total revenue that results from selling one additional unit of a product or service.