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The Figure Given Below Shows the Various Stages of Production

Question 7

Multiple Choice

The figure given below shows the various stages of production of a Corvette, a sports car produced by General Motors Company (GMC) :
Table 5.2
 The Production of a Corvette  Production Stage  Sales Value  Steal Co. sells the raw material to Motor Inc. $1,500 Motor Inc. sells the engine to GMC $2,350 Dealer buys car form GMC $19,700 Dealer sells car (retail)  $36,000\begin{array}{l}\text { The Production of a Corvette }\\\begin{array}{|l|c|}\hline {\text { Production Stage }} & {\text { Sales Value }} \\\hline \text { Steal Co. sells the raw material to Motor Inc. } & \$ 1,500 \\\text { Motor Inc. sells the engine to GMC } & \$ 2,350 \\\text { Dealer buys car form GMC } & \$ 19,700 \\\text { Dealer sells car (retail) } & \$ 36,000 \\\hline\end{array}\end{array}
-According to Table 5.2, the value added by the dealer is:


A) $2,350.
B) $16,300.
C) $19,700.
D) $36,000.
E) $59,550.

Correct Answer:

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