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26 September, 06:18

Value added is defined as

a. the value of productivity gains that arise when a firm increases its capital-labor ratio.

b. the difference between the value of all resources used to produce a product and the final selling price of that product.

c. the amount by which the value of a firm's output exceeds the value of the goods and services the firm purchases from other firms.

d. the cost savings that a firm enjoys when it reduces the cost of its resources by employing a more efficient production method.

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  1. 26 September, 06:25
    0
    C.

    the amount by which the value of a firm's output exceeds the value of the goods and services the firm purchases from other firms.
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