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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
An organic farm sells tomatoes for 50 cents each at the local farmers market. It only cost them (in the accounting measure) 5 cents to produce each tomato. What happens to GDP with the sale of each tomato?
A) It increases by 5 cents.
B) It increases by 45 cents.
C) It increases by 50 cents.
D) It increases by 55 cents.
E) It remains unchanged because organic farmers try not strive for profit.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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#1
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9 years ago
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Sublight2097 Author
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#2
9 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
9 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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#4
3 years ago
thank you
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