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Scenario: Infi Corp. is a leading manufacturer of smart phones. Every year, customers spend $31 ...
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Scenario: Infi Corp. is a leading manufacturer of smart phones. Every year, customers spend $31 ...
Scenario: Infi Corp. is a leading manufacturer of smart phones. Every year, customers spend $31 billion on smart phones manufactured by Infi Corp. A leading retailer generates $10 billion worth of total sales, while the remaining is generated directly from consumers. The retailer pays 70 percent of its revenue to Infi Corp., and Infi Corp. pays $19 billion to its suppliers.
Refer to the scenario above. Infi Corp. adds a value of ________ to the production process.
▸ $31 billion
▸ $21 billion
▸ $12 billion
▸ $9 billion
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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this is exactly what I needed
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