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8 years ago
The table below describes the value added in the production of a gallon of gasoline by each stage of production. (The values are hypothetical.)
Table 12-10

Stage of Production   Value of Sales   Value Added
Oil drilling   0.75   
Refining   1.25   
Shipping   1.85   
Retail sales   3.65   

a)   What is the value added by each stage of production?
b)   What is the total value added?
For simplicity, you can ignore the cost of the inputs for oil drilling.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Chimelo46Chimelo46
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#2
8 years ago
It was nothing, thanks for updating us.
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