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10 August, 20:41

A person visits the grocery store to buy materials to make and sell fudge door to door. What factors of production are being used? A. All of the factors land labor and capital B. Only land and capital C. Only labor and capital

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  1. 10 August, 21:08
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    Answer: A. All the factors land labor capital.

    When a person pays for all the materials used to make fudge at the grocery, that individual is using capital to procure raw material.

    When a process or a recipe is followed to convert the raw materials to fudge and when the fudge is sold door to door, labor is being used.

    There must be a place where the raw materials are processed to make fudge, hence land is also being used.
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