What determines the value of an item a.) the amount of goods it produced b.) the capital required to build the factory c.) the unlimited wants of the consumers d.) the recources consumed in production

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Social Studies

Monica Ruiz

9 April, 21:12

What determines the value of an item a.) the amount of goods it produced b.) the capital required to build the factory c.) the unlimited wants of the consumers d.) the recources consumed in production

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Nathanael Anderson · Answer 1

The thing that determined the value of an item would be the resources consumed in production - d.

When we account for the resources that were used up in production, one then also adds the amount that the manufacturer wants to earn and with this one then gets a sensible idea of how much a product costs.