ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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MNLogs harvested logs (with no inputs from other companies) from it's property in Northern
Minnesota. It sold these logs to MNLumber for $1500 and MNLumber cut and planed the logs into
lumber. MNLumber then sold the lumber for $4,000 to MNFurniture. MNFurniture used the lumber
to produce 100 tables that is sold to customers for $70 each.
Please enter your answers as numeric responses with no decimal places (ie. 2000 or $2000 not
$2000.00 or "Two thousand dollars")
What is the total contribution to GDP from the above transactions?
What is the Value Added for MNLogs?
What is the Value Added for MNLumber?
What is the Value Added for MN Furniture?
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Transcribed Image Text:MNLogs harvested logs (with no inputs from other companies) from it's property in Northern Minnesota. It sold these logs to MNLumber for $1500 and MNLumber cut and planed the logs into lumber. MNLumber then sold the lumber for $4,000 to MNFurniture. MNFurniture used the lumber to produce 100 tables that is sold to customers for $70 each. Please enter your answers as numeric responses with no decimal places (ie. 2000 or $2000 not $2000.00 or "Two thousand dollars") What is the total contribution to GDP from the above transactions? What is the Value Added for MNLogs? What is the Value Added for MNLumber? What is the Value Added for MN Furniture?
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