Question

abled: Exam A convenience store pays a farmer $14.60 per box of blackberries. If it costs the farmer $1.75 in seeds, $2.92 in fertilizer, and $2.19 in forgone output to grow each box of blackberries, the value added by the farmer to each box of blackberries is Multiple Choice $7.74. $9.93. $6.86.

          abled: Exam
A convenience store pays a farmer $14.60 per box of blackberries. If it costs the farmer $1.75 in seeds, $2.92 in fertilizer, and $2.19 in forgone
output to grow each box of blackberries, the value added by the farmer to each box of blackberries is
Multiple Choice
$7.74.
$9.93.
$6.86.

abled: Exam
A convenience store pays a farmer 14.60 per box of blackberries. If it costs the farmer1.75 in seeds, 2.92 in fertilizer, and2.19 in forgone
output to grow each box of blackberries, the value added by the farmer to each box of blackberries is
Multiple Choice
7.74.9.93.
6.86.

Added by Rafael B.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Eleanor Johnson

05/03/2021

Step 1

Total cost = cost of seeds + cost of fertilizer + cost of forgone output Total cost = $1.75 + $2.92 + $2.19 Total cost = $6.86 Show more…

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A convenience store pays a farmer $14.60 per box of blackberries. If it costs the farmer $1.75 in seeds, $2.92 in fertilizer, and $2.19 in forgone output to grow each box of blackberries, the value added by the farmer to each box of blackberries is Multiple Choice $7.74 $9.93. $6.86. bled:Exam2-EC0 A convenience store pays a farmer $14.60 per box of blackberries.If it costs the farmer $1.75 in seeds,$2.92 in fertilizer,and $2.19 in forgone output to grow each box of blackberries,the value added by the farmer to each box of blackberries is Multiple Choice $7.74. $9.93. $6.86.