Table 4.5 Consider the table above showing three stages of production of an automobile.
-Refer to Table 4.5.The value added by the automobile dealer equals

Question

Table 4.5  Consider the table above showing three stages of production of an automobile.
-Refer to Table 4.5.The value added by the automobile dealer equals

Quizplus · Accepted Answer

The value added by the automobile dealer is calculated as the difference between the selling price and the cost of goods sold. If the dealer sells a car for $25,000 and the cost of the car to the dealer was $18,000, the value added is $25,000 - $18,000 = $7,000.

Table 45 Consider the Table Above Showing Three Stages of of Production