Jessica porter works in both the jewelry department and the cosmetics department of a retail store. porter assists customers in both departments and arranges and stocks merchandise in both departments. the store allocates porter’s $30,000 annual wages between the two departments based on the time worked in the two departments. jessica reported the following hours and activities spent in the two departments. selling in jewelry department 51.0 hoursarranging and stocking merchandise in jewelry department 6.0 hoursselling in hosiery department 12.0 hoursarranging and stocking merchandise in hosiery department 7.0 hoursidle time spent waiting for a customer to enter one of the selling departments 4.0 hours1. allocate porter's annual wages between the two departments.

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