The Value Added of an Item Produced Refers To

question 83

Multiple Choice

The value added of an item produced refers to:

• A) a firm's profits on the item sold.
• B) the value of the labor inputs in the production of an item.
• C) the value of a firm's output less the value of its costs.
• D) the value of a firm's output less the value of the intermediate goods that the firm purchases.

---

Definitions:

Shame

A painful feeling of humiliation or distress caused by consciousness of wrong or foolish behavior.

Self-Esteem

An individual's overall subjective emotional evaluation of their own worth.

Physical Appearance

The outward look or aspects of a person, including body shape, facial features, hair, and style of dress.

Popularity

The state of being liked, admired, or supported by a large number of people.