-Refer to the above table. The production of this good goes through 4 different stages of production. What does the total value added equal?
A) $0.07
B) $0.32
C) $0.75
D) Cannot be computed without more information.

Question

-Refer to the above table. The production of this good goes through 4 different stages of production. What does the total value added equal?
A) $0.07 
B) $0.32 
C) $0.75 
D) Cannot be computed without more information.

Quizplus · Accepted Answer

The total value added is the sum of the value added at each stage of production. Since the production goes through 4 stages, the total value added is the sum of the value added at each stage, which equals $0.75.

-Refer to the Above Table