Question

School Bang members need to make money for a new uniform. Some members want to sell energy drinks at a football game, but others want to organize a car wash in the school parking lot. Based on economics or being the most influential, make the decision considering:

a) The labor needed
b) The consumer needs
c) Demand for capital needed
d) The value of the resources

Answer 1

To determine whether selling energy drinks at a football game or organizing a car wash is more economically viable, one must evaluate labor needs, consumer needs, demand for capital, and value of resources to make an informed decision.

Step-by-step explanation:

The most economical and influential decision between selling energy drinks at a football game or organizing a car wash should account for various factors.

• Labor needed: Car washes usually require more hands-on labor, whereas selling energy drinks could be managed with fewer staff.
• Consumer needs: Depending on the climate and preference of the audience, one option may be more appealing. Warm weather may favor car washes, while spectators at a game might appreciate the convenience of energy drinks.
• Demand for capital: Purchasing energy drinks for resale might require less capital upfront compared to the supplies and equipment for a car wash.
• Value of the resources: The resources for a car wash can be reusable, potentially providing more value over time.

Considering these factors, alongside school policy and potential for revenue, should guide the decision.