Homework Answers
The answer to part 1:
Based on the model, firms earn revenue when households purchase goods and services in the product market.
Explanation: Firms buy factors of production from households in the factor market to produce goods and services. Firms sell these goods and services in the product market to households to earn revenue.
The answer to part 2:
Event 1: Factor market
Event 2: Factor market
Event 2: Product market
Explanation: Factor of production such as labor is sold in the factor market and final goods and services are sold in the product market.
Answer to part 3:
Following options apply:
The $100 Lorenzo spends to purchase tax services from A-plus accountants
Neh's labor
Explanation: The other two options represent flow from firms to households.
Add Answer to:
and Based on this for Dinah's Diner Which of the el The □ Neha's labor it
2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The...
2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model, firms earn revenue when firmspurchase in product markets. Suppose Crystal earns $625 per week working as a doctor for...
1. The economy's income and expenditure The following diagram presents a circular-flow model of a simple...
1. The economy's income and expenditure The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model, households earn income when purchase in markets for factors of production. Suppose Crystal earns $625 per week...
2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The...
2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Goods and Services Firms Markets for Factors of Production Based on this model, households earn income when purchase ▼ in factor markets. Suppose Hilary earns $650 per week working as jewelry appraiser for Classy's Jewelry...
Attempts Average: 3 1. The circular-flow model The following diagram presents a circular-flow model of a...
Attempts Average: 3 1. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model, households earn income when firms purchase factors in factor markets. Suppose Kyoko carns $725 per week...
5. The circular flow model Aa Aa The following diagram presents a circular flow model of...
5. The circular flow model Aa Aa The following diagram presents a circular flow model of a simple economy. The outer (green) set of arrows shows t flow of money, and the inner (red) set of arrows shows the corresponding flow of inputs and outputs Consumption Spending Product Markets Revenue (Households Buy, Firms Sell) Goods and Services Purchased Goods and Services Sold Households Firms Capital, Land, Labour and Entrepreneurship Inputs for Production Factor Markets (Households Sell, Firms Buy) Wages, Rent...
2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The...
2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs Markets for Goods and Services Firms Markets for Factors of Production Based on this model, households earn income when ▼ purchase ▼ in factor markets Suppose Beth earns $525 per week working as an analyst...
how do I answer this I keep getting it wrong The following diagram presents a circular-flow...
how do I answer this I keep getting it wrong
The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Markets for Goods and Services Firms Households Markets for Factors of Production purchase in Based on this model, households earn income when factor markets. Suppose Poornima earns $725 per...
1. The economy's income and expenditure The following diagram presents a circular-flow model of a simple...
1. The economy's income and expenditure The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the nner set of arrows (shown in red) shows the corresponding flow of inputs and outputs Markets for Goods and Services Firms Households Markets for^ Factors of Production Based on this model, households earn income when ms purchase a or and ca tal ▼ n markets for actors of...
Q1. Dinah, the operator of Dinah's Diner, wishes to choose between two alternative investments providing the...
Q1. Dinah, the operator of Dinah's Diner, wishes to choose between two alternative investments providing the following annual net cash inflows over the five-year investment period: Year Alternative 1 Alternative 2 $8,000 8,600 8,800 8,200 4,100 $ 4,200 5,800 8,500 11,500 12,100 a. Calculate the paypack time for each alternative, assuming initial investment of $33,000 under each alternative. (3 points) b. Using NPV at 12 percent, would either of them be a good investment for Dinah? (3 points)
Consider a remote town in which two restaurants, All-You-Can-Eat Café and GoodGrub Diner
Consider a remote town in which two restaurants, All-You-Can-Eat Café and GoodGrub Diner, operate in a duopoly. Both restaurants disregard health and safety regulations, but they continue to have customers because they are the only restaurants within 80 miles of town. Both restaurants know that if they clean up, they will attract more customers, but this also means that they will have to pay workers to do the cleaning. If neither restaurant cleans, each will earn $15,000; alternatively, if they both...
2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model, firms earn revenue when firmspurchase in product markets. Suppose Crystal earns $625 per week working as a doctor for...
1. The economy's income and expenditure The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model, households earn income when purchase in markets for factors of production. Suppose Crystal earns $625 per week...
2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Goods and Services Firms Markets for Factors of Production Based on this model, households earn income when purchase ▼ in factor markets. Suppose Hilary earns $650 per week working as jewelry appraiser for Classy's Jewelry...
Attempts Average: 3 1. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Markets for Goods and Services Firms Households Markets for Factors of Production Based on this model, households earn income when firms purchase factors in factor markets. Suppose Kyoko carns $725 per week...
5. The circular flow model Aa Aa The following diagram presents a circular flow model of a simple economy. The outer (green) set of arrows shows t flow of money, and the inner (red) set of arrows shows the corresponding flow of inputs and outputs Consumption Spending Product Markets Revenue (Households Buy, Firms Sell) Goods and Services Purchased Goods and Services Sold Households Firms Capital, Land, Labour and Entrepreneurship Inputs for Production Factor Markets (Households Sell, Firms Buy) Wages, Rent...
2. The circular-flow model The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs Markets for Goods and Services Firms Markets for Factors of Production Based on this model, households earn income when ▼ purchase ▼ in factor markets Suppose Beth earns $525 per week working as an analyst...
how do I answer this I keep getting it wrong
The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the inner set of arrows (shown in red) shows the corresponding flow of inputs and outputs. Markets for Goods and Services Firms Households Markets for Factors of Production purchase in Based on this model, households earn income when factor markets. Suppose Poornima earns $725 per...
1. The economy's income and expenditure The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (shown in green) shows the flow of dollars, and the nner set of arrows (shown in red) shows the corresponding flow of inputs and outputs Markets for Goods and Services Firms Households Markets for^ Factors of Production Based on this model, households earn income when ms purchase a or and ca tal ▼ n markets for actors of...
Q1. Dinah, the operator of Dinah's Diner, wishes to choose between two alternative investments providing the following annual net cash inflows over the five-year investment period: Year Alternative 1 Alternative 2 $8,000 8,600 8,800 8,200 4,100 $ 4,200 5,800 8,500 11,500 12,100 a. Calculate the paypack time for each alternative, assuming initial investment of $33,000 under each alternative. (3 points) b. Using NPV at 12 percent, would either of them be a good investment for Dinah? (3 points)
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