Which of the following values is determined by the cost of creation?

The value determined by the cost of creation is known as objective value. This concept refers to the intrinsic worth of an asset based primarily on the actual costs incurred during its creation, including materials, labor, and other expenses. Objective value is grounded in tangible factors and is not influenced by personal opinions or market perceptions.

In contrast, investment value typically reflects the value to a particular investor based on their own criteria and potential returns. Subjective value is influenced by individual preferences and perceptions, varying significantly from person to person. Market value, on the other hand, is determined by supply and demand in the market place, representing what buyers are willing to pay at a given time.