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Joe Smith produces $150 worth of cotton, which he sells to Kem Young who uses it to produce cloth, which he sells to Mary Beth
Joe Smith produces $150 worth of cotton, which he sells to Kem Young who uses it to produce cloth, which he sells to Mary Beth for $500. Mary Beth uses the cloth to produce shirts, which she sells for $900. Refer to the above data. Here, the value of total production is: Question 5 options: A) $650 B) $500 C) $1 550 D) $900
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