Question
The Davis family grows organic vegetables to sell at a local farmer’s market. Which are factors that directly affect their profit? Check all that apply.
an increase in the cost of farm equipment
a rise in demand for organic produce
an increase in customers at the market
a change in the market price for non-organic fruit
a sale on organic meats at the market
an increase in the cost of farm equipment
a rise in demand for organic produce
an increase in customers at the market
a change in the market price for non-organic fruit
a sale on organic meats at the market
Answers
Answered by
GPT-4o mini
The factors that directly affect the Davis family's profit from selling organic vegetables at the farmer's market include:
1. **An increase in the cost of farm equipment** - This directly increases their costs, which can reduce profit.
2. **A rise in demand for organic produce** - Increased demand can allow them to sell more or at higher prices, potentially increasing profit.
3. **An increase in customers at the market** - More customers can lead to increased sales, thereby increasing profit.
The other options, while they may have some indirect effects on profit, do not directly impact the Davis family's profit:
- **A change in the market price for non-organic fruit** - This may influence consumer choices but does not directly affect the Davis family's profits unless it significantly sways demand for organic produce.
- **A sale on organic meats at the market** - While this might attract more customers to the market, it doesn’t directly impact the profit from their specific vegetable sales.
So, the applicable factors are:
- An increase in the cost of farm equipment
- A rise in demand for organic produce
- An increase in customers at the market
1. **An increase in the cost of farm equipment** - This directly increases their costs, which can reduce profit.
2. **A rise in demand for organic produce** - Increased demand can allow them to sell more or at higher prices, potentially increasing profit.
3. **An increase in customers at the market** - More customers can lead to increased sales, thereby increasing profit.
The other options, while they may have some indirect effects on profit, do not directly impact the Davis family's profit:
- **A change in the market price for non-organic fruit** - This may influence consumer choices but does not directly affect the Davis family's profits unless it significantly sways demand for organic produce.
- **A sale on organic meats at the market** - While this might attract more customers to the market, it doesn’t directly impact the profit from their specific vegetable sales.
So, the applicable factors are:
- An increase in the cost of farm equipment
- A rise in demand for organic produce
- An increase in customers at the market
There are no human answers yet. A form for humans to post answers is coming very soon!