Based on this model, firms earn revenue when households purchase goods and se Suppose Kyoko earns $625 per week working as jeweiry appraiser for Cliassy's Jewelry Store. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pilmart Pharmacy pays Jacques $325 per week to work the cash register. Jacques uses $125 to purchase necklace from Classy's Jeweiry Store. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Factor Market Product Market Event Jacques spends $125 to purchase necklace from Classy's Jewelry Store. Kyoko earns $625 per week working for Classy's Jewelry Store. Jacques earns $325 per week working for Pilmart Pharmacy. Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs, Check all that apply O The aspirin Kyoko receives O The $125 Jacques spends to purchase necklace from Classy's Jewelry Store O The $325 per week Jacques earns working for Pillmart Pharmacy O Kyoko's labor

Based on this model, firms earn revenue when households purchase goods and se Suppose Kyoko earns $625 per week working as jeweiry appraiser for Cliassy's Jewelry Store. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pilmart Pharmacy pays Jacques $325 per week to work the cash register. Jacques uses $125 to purchase necklace from Classy's Jeweiry Store. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Factor Market Product Market Event Jacques spends $125 to purchase necklace from Classy's Jewelry Store. Kyoko earns $625 per week working for Classy's Jewelry Store. Jacques earns $325 per week working for Pilmart Pharmacy. Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs, Check all that apply O The aspirin Kyoko receives O The $125 Jacques spends to purchase necklace from Classy's Jewelry Store O The $325 per week Jacques earns working for Pillmart Pharmacy O Kyoko's labor

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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