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QveST [7]
3 years ago
9

Meg and her mother are opening a cupcake shop. They buy an oven, a walk-in cooler, and a decorating table. In terms of factors o

f production, what are these items?
Capital
Entrepreneurship
Land
Labor
Mathematics
1 answer:
irina1246 [14]3 years ago
8 0
The correct answer is Capital

Entrepreneurship is their business, the land and labor are not it. In here, it is capital because it is their investment that is supposed to pay off and bring them more money.
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Answer:

$14 per lb

Step-by-step explanation:

Given:

  • Brand Y = $18 / lb
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Let x be the price per lb of brand X coffee

3 lbs of brand X coffee + 9 lb of brand Y coffee = 12 lbs of special blend

⇒ 3x + 9(18) = 12(17)

⇒ 3x + 162 = 204

⇒ 3x = 42

⇒ x = 14

Therefore, brand X costs $14 per lb

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