Answer to Question #250943 in Economics for Nimona

Question

Sammy Wammy is a food scientist based in New York who is on a mission to produce the most succulent S'mores the world has ever tasted. Below is a summary of her story. Then identify or classify in to factors of production and explain why.

A. When passing by in front of a food truck near Central Park, she suddenly got an idea: Is there anything better than a perfect S'mores while walking through central park in the evening? The next day, a company was incorporated, and her dream, Sammy S'mores, was underway.

B. Sammy hired 3 food scientists with the objectives of making the perfect S'mores.

Everything was tested, from the density of the marshmallows to the crunch of the

D. Sammy paid for a city license to have access to parking space C4 near the park, which would serve as the location for her food

Answer 1

A. Passing the food van near Central Park, she suddenly had an idea: is there anything better than the perfect S'mores while walking through Central Park in the evening? The next day the company was incorporated and her dream, Sammy S'mores, came true.

Entrepreneurial ability

B. Sammy hired 3 culinary scientists to create the perfect S'mores. Everything from the firmness of the marshmallow to the crispness has been tested.

Labor, technology

D. Sammy paid for a city license to have access to the C4 parking space next to the park, which would serve as a place for her to eat.

Capital