3 A Kansas farmer sells wheat to a craftsperson to make into decorative ornaments. The farmer sells...

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3 A Kansas farmer sells wheat to a craftsperson to make into decorative ornaments. The farmer sells his wheat to the craftsperson for $300. The craftsperson adds labor, valued at $200, and some ribbons, valued at $50, and produces 110 ornaments. What is the final market value of each ornament?

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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