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Business, 19.07.2021 20:00 ssalazc1593

Firm C produces 1,000 pounds of cotton at a cost of 50 cents per pound. They sell all of the cotton to Firm S for 75 cents per pound. Firm S makes 1,000 t-shirts with the cotton for a total cost of $1.50 per t-shirt. They sell all of the shirts to Firm R for $2.00 each. Firm R sells 900 of the t-shirts to consumers for $10 each and the total cost of producing each shirt is $8 each. There are no other firms in this simple economy. All income in the economy is either profit income or wage income. Do not enter dollar signs, and enter whole numbers only. The value of consumption is $ and the value of investment is___ $.

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Firm C produces 1,000 pounds of cotton at a cost of 50 cents per pound. They sell all of the cotton...
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