Q. Assume product X is an input in the production of product Y. Product Y in turn is a substitute for product Z. An increase in the price of X can be expected to
Q. Alejandro scoobert owns a store specialization in soccer jerseys. Inc 2008, he purchased $150,000 worth of jerseys from manufacture, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store also sold jerseys for $280,000. Based on this information, Illustrate what was the value added to Alejandro store in 2008?