Question: For this post, please watch this Jelly Belly Video. It is a candy-making business (even though the target audience is children). You can find this


For this post, please watch this Jelly Belly Video. It is a candy-making business (even though the target audience is children). You can find this at the Panopto Tab called, Chapter 1: Resources - Jelly Belly Tour or watch this - Tour of the Jelly Belly Pactory "1w Paragraph 1: Recall the factors of production - land, labor, capital, and entrepreneurship. See if you can find at least one example for two different factors of production while watching this video. Format your post by telling us your factor of production, specifically what from the video is a good example, and why you think so. By specific, I mean saying "machines" would not be acceptable, but saying the specific kind of machine would be. Paragraph 2: Consider all you have learned so far about economics (scarcity and choices) and the other terms discussed so far (such as opportunity costs, trade-offs, etc.). Pick one economic term discussed so far, define it (you can copy this from the textbook, just say so), and tell us what the Jelly Belly business has to do with microeconomics/why this is a good example of the term you selected. Be specific and demonstrate your understanding of the term in the context of the video
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