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A farmer raises free - range chickens, which he sells to a company for $ 1 0 0 0 . That company sells the processed

A farmer raises free-range chickens, which he sells to a company for $1000. That company sells the processed chickens to a grocery store for $1600, which in turn produces roasted chickens which are sold to the public for $2400. Based on this information, the value added from these transactions is
Select one:
a. $1,600
b. $2,400
c. $4,000
d. $5,000

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