The total of the values added at every stage of production for a good leads to the:
A) total cost of the labor used to produce the good.
B) prices of the factors of production used to produce the good.
C) final value of the good.
D) intermediate value of the good.

Question

Quizplus · Accepted Answer

The total of the values added at every stage of production for a good leads to the final value of the good, which is the price that consumers pay for the good. This includes the value added by all factors of production, including labor, capital, and materials, as well as any profits earned by firms at each stage of production. The final value of the good reflects all of the costs and inputs used to produce it, as well as any additional value created along the way.

The Total of the Values Added at Every Stage of Production