74.-8. Measuring total production by valuing items at their market value allows

Question

74.-8. Measuring total production by valuing items at their market value allows us to A) separate the value of different goods with identical prices B) separate the value of different goods with different prices C) add together the value of different goods that have different prices D) add together the value of identical goods that have identical prices. 75.-23. Which of the following is a final good or service? A) the milk purchased by Tina to make cheese and sell B) the milk purchased by Briana to drink at home C) the hair gels used by a hair stylist at the local hair salon D) the butter used by a chef to make butter cream frosting -END-

Explanation / Answer

1) Measuring total production by valuing items at their market value allows us to

Solution: add together the value of different goods that have different prices

Explanation: Measuring total production by valuing items at their market value permits to value the different goods at different prices

2) Which of the following is a final good or service?

Solution: the milk purchased by Briana to drink at home

Explanation: Final good refers to any commodity that is produced and subsequently consumed by the consumer for satisfy their current wants.

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