Table 8-5
Consider the table above showing three stages of production of an automobile.
-Refer to Table 8-5.The value added by the automobile dealer equals
A)$7,000.
B)$15,000.
C)$18,000.
D)$25,000.

Question

Table 8-5
  Consider the table above showing three stages of production of an automobile.
-Refer to Table 8-5.The value added by the automobile dealer equals
A)$7,000. 
B)$15,000. 
C)$18,000. 
D)$25,000.

Quizplus · Accepted Answer

The value added by the automobile dealer is the difference between the selling price of the car and the price at which the dealer purchased it. If the dealer sells the car for $25,000 and bought it for $18,000, the value added is $25,000 - $18,000 = $7,000.

Table 8-5 Consider the Table Above Showing Three Stages of Stages