You run a manufacturing facility that makes roller skates. fixed monthly cost is $50,000 in mortgage, $3,000 per employee on average in salaries (you have 40 employees) and $20,000 in other expenses. the cost of raw materials is $2 per skate, and other costs per skate average to about $1. you sell the skates for $19.95 each.

you have the option of outsourcing the manufacturing, which will cost you $10 per skate, with a lower fixed cost of $90,000. at what point will you be indifferent between manufacturing yourself versus outsourcing it?

answer; /// i believe its (bas design);

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."

answer; experimentation;