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Suppose that a farmer grows wheat, which she sells to a miller for $10 The miller turns the wheat into flour, which she sells to
Suppose that a farmer grows wheat, which she sells to a miller for $10 The miller turns the wheat into flour, which she sells to a baker for $70. The baker turns the wheat into cupcakes, which she sells to consumers for $140. Consumers eat the cupcakes. 1. What is the value added by the farmer
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