Solved: A dairy maker sells 250 of milk to a cheese maker the, Microeconomics

+44 141 628 6080
[email protected]

A dairy maker sells 250 of milk to a cheese maker the

A dairy maker sells 250$ of milk to a cheese maker. The cheese maker users the milk to make $450 of cheese and sells it to a wholesaler. The wholesaler sells it to a retailer for $600. The retailer sells it for $1200. What is the GDP from this and how much value did each person add?

There should be 5 values for the answer. 1 GDP and 4 values added (1 for each person)

Solution Preview :

Prepared by a verified Expert

Microeconomics: A dairy maker sells 250 of milk to a cheese maker the

Reference No:- TGS0965273

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Identify a specific theory of cognitive or moral development

Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.

Identify a true statement about validity

Question: Identify a true statement about validity as applied to a test. Multiple choice question

How ensure that the youth understand what study involves

What is another way to say ". It is important to ensure that the youth understand what the study involves, what their participation entails

Problem concerning consensual sexual relationship

Question: Jena and Ben are employees of Big City Electronics. They began to have a consensual sexual relationship.

Discussion about gender stereotyping

Prior to your taking this graduate HR law class you had heard of the term "gender stereotyping," but didn't know much about it.

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

Solution Preview :

Prepared by a verified Expert

Microeconomics: A dairy maker sells 250 of milk to a cheese maker the

Reference No:- TGS0965273

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Task background graphs and trees provide you with ways to

Q : 1graphically illustrate and explain why a fixed exchange

Q : Suppose a firm has become a monopolist in the market for

Q : Pear inc is a monopolist producing the iwatch a wristwatch

Q : A dairy maker sells 250 of milk to a cheese maker the

Q : 2 a for the following firm production function indicate

Q : As you have been learning this week the external

Q : What is the corporate strategy that your selected firm

Q : Suppose you earn 6000 per month and spend 200 in each of