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Q: What determines the value of an item?

  • 1
    the capital required to build the factory
  • 2
    the unlimited wants of the consumers
  • 3
    the resources consumed in production
  • 4
    the amount of goods that are produced
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Answer : 1. "the capital required to build the factory"
Explanation :

Answer: A) the capital required to build the factory Explanation: Value is the monetary worth of something, in this case, it is an item. In option A, since it is talking about capital which is measured in monetary terms. The value of an item is determined by its quality and its age. Often antiques with good quality are sold in the market with a high value and are sometimes auctioned.

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