a-car-manufacturer-buys-steel-for-500-processes-it-into-car-parts-for-1000-and-s

Question

A car manufacturer buys steel for $500, processes it into car parts for $1000, and sells the final car for $2000. What is the total value added?

Accepted Answer

$1500

Answer

$500

Answer

$1000

Answer

$2000

A car manufacturer buys steel for \$500, processes it into car parts for \$1000, and sells the final car for \$2000. What is the total value added?