9. Apply Concepts A clothing designer releases a newline of jeans. Show how the three economic questions
are answered in this process.

Answers

Answer 1

Answer:

The correct answer to this open question is the following.

A clothing designer releases a new line of jeans. Show how the three economic questions are answered in this process.

Well, in this case, the three economic questions are the following.

Number 1, would be what must be produced? The kind of product or jeans that are about to be produced. Number 2, how? The way the product should be produced or fabricated. With what kind of specifications to have the final product ready. And number 3, who is going to be the final consumer of the product? Where is our market? Who is going to but the jeans? These questions are important in the production and marketing process to make the right decisions and maximize production.

Answer 2

Answer:

Final answer:

A clothing designer releasing a new line of jeans must decide what to produce, how to produce, and for whom to produce, considering aspects like demand, production methods, and target market.

Explanation:

When a clothing designer releases a new line of jeans, they must answer the three fundamental economic questions: What should be produced, how should it be produced, and for whom should it be produced. These questions address the basic concepts of supply and demand, the allocation of resources, and market needs.

What goods will be produced? The designer has decided to produce a new line of jeans, recognizing a demand for this particular type of clothing.
How will they be produced? The jeans might be produced using automated machinery for efficiency or by hand for a bespoke quality, depending on costs, desired quality, and target production volume.
For whom will they be produced? The target market may be high-end fashion consumers, everyday wearers, or a specific age group or subculture; the decision influences pricing, design, and distribution.

These decisions contribute to how the new product will fit into the market, the method of production that defines costs and environmental impact, and the economic viability of the product in terms of who is willing and able to buy it.

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