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Assume that a firm buys all the parts that it puts into a computer for $1,000, pays its workers $1,000 to fabricate the computer, and

Assume that a firm buys all the parts that it puts into a computer for $1,000, pays its workers $1,000 to fabricate the computer, and sells the computer for $2,400. The value added of the firm is:

a. $400

b. $1,400

c. $1,600

d. $1,000

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