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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 22
Table 7P-5 shows the prices of the inputs and outputs for the production of a road bike.
a. What value is added by the supplier of the raw materials?
b. What value is added by the tire maker?
c. What value is added by the maker of the frame and components?
d. What value is added by the bike mechanic?
e. What value is added by the bike store?
f. What is the total contribution of the bike to GDP?
a. What value is added by the supplier of the raw materials?
b. What value is added by the tire maker?
c. What value is added by the maker of the frame and components?
d. What value is added by the bike mechanic?
e. What value is added by the bike store?
f. What is the total contribution of the bike to GDP?
Explanation
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Given information:
Table -1 shows cost ...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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