Consider the given simple economy. sheepnip co. makes sheep feed. better-bald inc. purchases sheep feed for the sheep it raises and sells wool. sweeter sweaters inc. makes and sells wool sweaters. sheepnip co. better-bald inc. sweeter sweaters inc. sheep feed $0 $1900 $0 wool $0 $0 $3150 wages $700 $300 $550 interest payments $400 $100 $50 rent $700 $100 $650 profits $100 $750 $800 what is the total payments (income) to factors of better-bald inc.? $

The best feed for the sheep is grass, legumes, forbs, and other pasture green plants that they graze at the time of their eating. The sheep especially love forbs and it is their first choice to graze the pastures. A forb is a broad-leaf plant other than grass

The total payments (income) to factors of Better-bald Inc is $1,250  

The computation of the total payment and income for Better- baid Inc is shown below:

Total payment amd income= Wages paid + interest payments + rent           expense + profit earned

                                         = $300 + $100 + $100 + $750

                                         = $1,250

As we have to compute both payment and income so we consider both only for Better- bald, not for Sheepnip Co. and the Sweeter Sweaters Inc.

To know more about the calculation of the total payments and incomes, refer to the link below:

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The total payments (income) to factors of Better-bald Inc is $1,250

Explanation:

The computation of the total payment and income for the Better- baid Inc is shown below:

= Wages paid + interest payments + rent expense + profit earned

= $300 + $100 + $100 + $750

= $1,250

As we have to compute both payment and income so we consider both only for Better- baid, not for Sheepnip Co. and the Sweeter Sweaters Inc.

answer; normative economics;

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