The value of a good

a. is determined by the cost of producing it.

b. depends on the labor necessary to supply the good.

c. can be measured objectively by a survey of manufacturers of the good.

d. depends on many factors, including who uses it and under what circumstances.

The value of a good depends on a combination of many factors such as overhead cost (in the form of labor, supplies, production, marketing and distribution), the assessed utility of the good by consumers, supply/demand, and the price of comparable goods all have an effect on determining the value of a good.