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. choose all that apply.     The aspirin Sharon receives   Sharon's labor   The $175 Paolo spends to purchase necklace from Classy's Jewelry Store   The $300 per week Paolo earns working for Pillmart Pharmacy

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A: Forgone income, also known as opportunity cost, refers to the income or financial benefits that are…

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A: Production function refers to the functional relationship between input and output.

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A: Marginal product means the increase in the total output because of addition of one more labor.

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