Homework Help: Economics

Posted by Maddie:)) on Wednesday, May 6, 2009 at 7:40pm.

Jane buys used picture frames at garage sales. She paints and decorates the frames and then sells them at craft fairs. List ways that the factor costs of Jane's business might increase?

Please I really need help with this question

Economics - economyst, Thursday, May 7, 2009 at 9:07am
It might be helpful to list Janes factor costs. Think broadly. Obviously, there are costs for paint and brushes. There are also transportation costs, craft fair fees for having a table, possibly insurance, the cost of the garage or studio to to the repainting, etc. Also, be sure to include Jane's opportunity cost for doing such work.

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