Question

As the owner of a small business, Zebadiah is deciding what materials he should use to make the softest teddy bears on the market. Zebadiah is solving which key question of economics? Who will consume the goods and services produced? Zebadiah is not solving any of the key questions. What goods and services should be produced? How should goods and services be produced?

Answer 1

The key question Zebadiah is solving is:

How should goods and services be produced?

Step-by-step explanation:

There are three key questions when it comes to economics: what should be produced? For whom should it be produced? And how should it be produce?

Zebadiah already knows what he is going to produce. His products are teddy bears. And he probably knows who will be consuming his products as well, since teddy bears are commonly bought as a gift for children or girlfriends/boyfriends. What he is concerned about at this moment is how he is going to produce the teddy bears. He wants them to be the softest on the market, so he needs to figure out the best materials to achieve the desired result.