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7. Assume that a product has the following three stages of production: Production Stage 1 2 3 Selling Price 100 250 750 If the value-added

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7. Assume that a product has the following three stages of production: Production Stage 1 2 3 Selling Price 100 250 750 If the value-added tax (VAT) rate is 20 percent, what would be the VAT over all stages of production? O 150 120 225 O 110

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