scales and fins produces equipment for recreational fishing. the company would like to design and produce a…

scales and fins produces equipment for recreational fishing. the company would like to design and produce a high - tech fish finder that is easy to use and inexpensive. the company is most concerned about designing the product because the process requires workers with specialized skills. no one in the company currently possesses those skills. what scarce resource does the company need to develop first to be able to produce its new product? labor capital equipment natural resources

scales and fins produces equipment for recreational fishing. the company would like to design and produce a high - tech fish finder that is easy to use and inexpensive. the company is most concerned about designing the product because the process requires workers with specialized skills. no one in the company currently possesses those skills. what scarce resource does the company need to develop first to be able to produce its new product? labor capital equipment natural resources

Answer

Brief Explanations:

The company lacks workers with specialized skills for product - design. Labor refers to human effort in production, and here the specialized labor is the scarce resource needed first.

Answer:

labor