Firms Markets for Goods and Services Based on this model, firms earn revenue when Event Markets for Factors of Productio

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Firms Markets For Goods And Services Based On This Model Firms Earn Revenue When Event Markets For Factors Of Productio 1 (120.46 KiB) Viewed 26 times

Firms Markets for Goods and Services Based on this model, firms earn revenue when Event Markets for Factors of Production Households Suppose Cho earns $825 per week working as a programmer for PC Pros. She uses $9 to order a mojito cocktail at Little Havana. Little Havana pays Bob $475 per week to wait tables. Bob uses $350 to purchase software from PC Pros. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Factor Market Product Market Cho earns $825 per week working for PC Pros. Bob spends $350 to purchase software from PC Pros. Cho spends $9 to order a mojito cocktail. purchase The mojito Cho receives Cho's labor O C 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. The $350 Bob spends to purchase software from PC Pros in product markets. The $475 per week Bob earns working for Little Havana