You have a friend who is an artist. she asked you for assistance in pricing her paintings for an upcoming show. she knows how much she wants to get for a painting, but she does not know how to calculate the selling price. she wants to have a price that includes sales tax (8.25%), credit card fee (2.75%), and show commission (15% after sales tax and credit card fee are subtracted). for example, she wants to net $200 from the sale of a painting, but does not know how to calculate the selling price. your answer is to create an excel spreadsheet that calculates the selling price for her. in addition, she wants the selling price rounded up to the nearest whole dollar. your spreadsheet needs to show the artist the amount of sales tax, the credit card fee, and the commission she must pay.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

the answerr would be 1

where is the graph?

a

b

b

a

c

b

d

d

none of these are correct, as they are all sources of american law

a