In the first stage of manufacturing each final unit of a product, a firm purchases a key

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In the first stage of manufacturing each final unit of a product, a firm purchases a key input at a price of $4 per unit. The firm then pays a wage rate of $3 for the time that labor is exerted, combining an additional $2 of inputs for each final unit of output produced. The firm sells every unit of the product for $10. What is the contribution of each unit of output to GDP in the current year?
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University Physics with Modern Physics

ISBN: 978-0321501219

12th Edition

Authors: Hugh D. Young, Roger A. Freedman, Lewis Ford

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