I am given four pictures and I am asked to determine which are needs and which are wants. They are:

-An airplane
-A plate of breakfast(eggs, toast, beacon)
-A child's bed
-A sports car

I think:

airplane= want
plate of breakfast= need
Child's bed= need
sports car = want

Are these answer right? Thanks

I agree with you.

It's interesting, though, that in some regions, all of them would be wants. Breakfasts wouldn't be so substantial, and children might not have beds as we know them.

If Redstone wanted to minimize average total cost, it would produce how many units?

Your answers are mostly correct, but let me explain how you can determine whether each item is a need or a want.

To distinguish between needs and wants, you can consider the essentiality and importance of the item for survival and well-being.

1. Airplane: Based on this information alone, it is typically considered a want rather than a need. While an airplane may be desired for travel or leisure purposes, it is not essential for basic survival or meeting fundamental needs.

2. Plate of breakfast: This can be categorized as a need. Food, including a balanced breakfast, is necessary for our survival and overall health. It provides essential nutrients and energy to function properly.

3. Child's bed: This is generally considered a need. A bed is essential for a child's proper rest and growth. It offers a safe and comfortable place for them to sleep, ensuring their well-being and development.

4. Sports car: Similar to the airplane, owning a sports car is more of a want than a need. While it may bring enjoyment and fulfill personal desires, it is not essential for survival or meeting basic needs.

In summary, your answers are mostly correct:
- Airplane: want
- Plate of breakfast: need
- Child's bed: need
- Sports car: want

Keep in mind that needs and wants can vary depending on individual circumstances and personal priorities.