QUESTION IMAGE
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
Brief Explanations
- an increase in the cost of farm equipment: Higher equipment costs increase production costs, reducing profit (since profit = revenue - costs).
- a rise in demand for organic produce: Increased demand can lead to higher sales volume or higher prices, increasing revenue and profit.
- an increase in customers at the market: More customers mean more potential buyers, increasing sales volume and thus profit.
- a change in the market price for non - organic fruit: Non - organic fruit is not the Davis family's product, so it does not directly affect their profit from organic vegetables.
- a sale on organic meats at the market: Organic meats are a different product, and a sale on them does not directly impact the profit from organic vegetable sales.
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- an increase in the cost of farm equipment
- a rise in demand for organic produce
- an increase in customers at the market