Use the following to answer questions .
Exhibit: Stages of Production of Toy Model Airplanes

-(Exhibit: Stages of Production of Toy Model Airplanes) The total value added in the production of a model airplane is _____.
A) $16
B) $17
C) $21
D) $77

Question

Use the following to answer questions .
Exhibit: Stages of Production of Toy Model Airplanes
 
-(Exhibit: Stages of Production of Toy Model Airplanes) The total value added in the production of a model airplane is _____.
A) $16 
B) $17 
C) $21 
D) $77

Quizplus · Accepted Answer

The total value added in the production of a model airplane is calculated by adding the value of all inputs used in the production process. In this exhibit, the values of all inputs used at each stage of production are given. Adding up the values of all inputs used at each stage gives us the total value added, which is $21.

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