Question
Short answer question: Suppose that a firm sells its output for $55,000; that it pays $33,000 in wages, $15,000 for materials purchased from other firms,
Short answer question: Suppose that a firm sells its output for $55,000; that it pays $33,000 in wages, $15,000 for materials purchased from other firms, and $3000 in interest payments to bankers; and that it declares profits of $4000.Please compute this firm's value added.
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
