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An Australian lumberjack cuts some wood and sells it to a wood polisher for $35. The wood polisher refines and polishes the wood and sells
An Australian lumberjack cuts some wood and sells it to a wood polisher for $35. The wood polisher refines and polishes the wood and sells it to a woodworker for $88. The woodworker fashions the polished wood into an ornate dining table that costs $223. What is the value-added of the lumberjack and the wood polisher, respectively? Lumberjack: $35; Wood polisher: $223 Lumberjack: $35; Wood polisher: $53 Lumberjack: $35; Wood polisher: $135 Lumberjack: $35; Wood polisher: $88 Lumberjack: $0; Wood polisher: $88
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