The Three Questions of Economics Answers

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Which part of Suarez Farms represents the capital invested in the business?

A
fifty acres of farmland on which crops grow
B
farming skills of the Suarez family and hired workers
C
farm equipment the Suarez family owns
D
leadership of the farm’s owners
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Based on what you have read about Suarez Farms, what are the costs and benefits of growing organic vegetables? Check all that apply.Growing organic vegetables takes less time, which will keep costs lower.Growing organic vegetables helps improve the health of soil, allowing for a healthier crop.Growing organic vegetables may limit the resources available for new farm equipment. Growing organic vegetables requires more land, limiting how much can be grown.Growing organic vegetables is more expensive than traditional methods.

A
Growing organic vegetables takes less time, which will keep costs lower.
B
Growing organic vegetables helps improve the health of soil, allowing for a healthier crop.
C
Growing organic vegetables may limit the resources available for new farm equipment.
D
Growing organic vegetables requires more land, limiting how much can be grown.
E
Growing organic vegetables is more expensive than traditional methods.
6

Based on what you read in the fact sheet, identify the type of customer the company is hoping to reach.Super-Phonic Systems wants to sell phones to customers who:

A
expect the latest smartphone technology.
B
need affordable phone service in remote areas.
C
care more about attractive designs than reliability.
D
will pay top prices for features such as web-surfing.

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