htmi?deploymentld-56736632427612442448578408 e158N-9781337096577 5% MINDTAP Home
ID: 1132551 • Letter: H
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htmi?deploymentld-56736632427612442448578408 e158N-9781337096577 5% MINDTAP Homework (Ch 02) Firms Markets for Factors of Production factors in factor markets. firms purchase Based on this model, households earn income when Suppose Hilary earns $500 per week working as a doctor for the Medical Clinic. She uses $9 to Pharmacy pays Edison $225 per week to work the cash repister. Edison uses $125 to purchase medical services from the Medical Clinic. buy a box of aspirin at Pillmart Pharmacy. Pillma market identify whether each of the following events in this scenario occurs in the factor market or the product Factor Market Product Market Event Edison spends $125 to purchase medical services from the Medical Clinic. Hilary spends $9 to buy a box of aspirin Edison earns $225 per week working for Pillmart 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 a apply. Hilary's labor The $225 per week Edison earns working for Pillmart Pharmacy B The aspirin Hilary receives The $125 Edison spends to purchase medical services from the Medical Clinic Grade It Now Save & Con Continue withouExplanation / Answer
Based on this model, households earn income when firms purchase factors in factors Market.
Edison spends $125 to purchase medical services from the medical clinic. Product market.
Hilary spends $9 to buy a box of aspirin. Product Market.
Edison earns $225 per week working for pillmart pharmacy. Factor Market.
The correct options are
Hilary's labor
The $125 Edison spends to purchase medical services from the medical clinic.
Explaination - Hilary's labor is a flow of input from household to firm.
The second option is an example of flow of dollars from household to firms.
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