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+39. Value added is defined as: a. the value of productivity gains that arise when a firm increases its capital-labor ra
Posted: Thu May 05, 2022 6:33 am
by answerhappygod
- 39 Value Added Is Defined As A The Value Of Productivity Gains That Arise When A Firm Increases Its Capital Labor Ra 1 (18.83 KiB) Viewed 32 times
+39. 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 total cost of production of a product and the total revenues earned from the sale of the product. c. the amount by which the value of a firm's final output exceeds the total value of the intermediate goods and services used to produce the good. d. the cost savings that a firm enjoys when it reduces the cost of its resources by employing a more efficient production method.