Based on this model, firms earn revenue when purchase in product markets. Suppose Kyoko earns $525 per week working as a software engineer for Casement. She uses $10 to go climbing at Wally's Climbing Wall. Wally's Climbing Wall pays Jacques $450 per week to work as a safety instructor. Jacques uses $325 to purchase software from Casement. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Jacques earns $450 per week working for Wally's Climbing Wall. Kyoko spends $10 to go climbing. Jacques spends $325 to purchase software from Casement. 00 000 Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply. The climbing session Kyoko receives The $325 Jacques spends to purchase software from Casement Kyoko's labor The $450 per week Jacques earns working for Wally's Climbing Wall

Based on this model, firms earn revenue when purchase in product markets. Suppose Kyoko earns $525 per week working as a software engineer for Casement. She uses $10 to go climbing at Wally's Climbing Wall. Wally's Climbing Wall pays Jacques $450 per week to work as a safety instructor. Jacques uses $325 to purchase software from Casement. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Jacques earns $450 per week working for Wally's Climbing Wall. Kyoko spends $10 to go climbing. Jacques spends $325 to purchase software from Casement. 00 000 Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply. The climbing session Kyoko receives The $325 Jacques spends to purchase software from Casement Kyoko's labor The $450 per week Jacques earns working for Wally's Climbing Wall

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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