john has a large apple orchard. he has decided to bake pies and sell them at the local farmers market. which…
john has a large apple orchard. he has decided to bake pies and sell them at the local farmers market. which best describes johns use of economics?\njohn is using available and renewable resources.\njohn is relying on inexpensive labor costs to improve profits.\njohn is using resources to produce both goods and services.\njohn is assuming consumers will have limited need for his product.
Answer
Brief Explanations:
John uses apples from his orchard (a resource) to bake pies (produce a good) and sell them at the market. This shows using resources to produce goods. There's no mention of labor - cost, consumer need limitation, and while apples are renewable, the focus is on production.
Answer:
John is using resources to produce both goods and services.