Scenario: Infi Corp. is a leading manufacturer of smart phones. Every year, customers spend $31 billion on smart phones manufactured by Infi Corp. A leading retailer generates $10 billion worth of total sales, while the remaining is generated directly from consumers. The retailer pays 70 percent of its revenue to Infi Corp., and Infi Corp. pays $19 billion to its suppliers.
-Refer to the scenario above.Infi Corp.adds a value of ________ to the production process.
A) $31 billion
B) $9 billion
C) $21 billion
D) $12 billion
Correct Answer:
Verified
Q37: The total value of inputs used in
Q38: The following table contains statistics for the
Q39: Which equality is not guaranteed by the
Q40: The following table contains statistics for the
Q41: How are inventories included in the calculation
Q43: Which of the following would not be
Q44: What does a circular flow diagram show?
Q45: Which of the following is true of
Q46: If Dell buys a computer from a
Q47: A retailer buys goods worth $15,000 from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents