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2 years ago

In the circular flow model, households provide to firms. This is represented by the letter A.

Business

1 answer:

Lana71 [14]2 years ago

5 0

Households would provide factors of production to firms.

The circular flow demonstrates the movement of money in the economy.
The two-sector model of circular flow comprises households and firms.
Money first flows from producers to households in return for production services in the form of wages.
Finally, return to producers back in the form of payment for the purchase or expenditure made by households.

<h2>What do you mean by circular flow of money?</h2>

The circular flow model demonstrates how money moves through society.
Money flows from producers to workers as wages and flows back to producers as payment for products.
In short, an economy is an endless circular flow of money.

<h2>What are the two types of circular flow?</h2>

There are two types of circular flow:

Real flow: The term real flow means the flow of factor services from households to firms.
Similarly, the flow of goods and services from firms to households.
Money flow: The money flow refers to the flow of factor payments from firms to households for factor services.

Learn more about the circular flow of money here:

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In a newsvendor model, if underage cost is three times overage cost and the seller orders the optimal quantity, then the probabi

NeTakaya

Answer: 75%

Explanation:

The probability that demand is less than or equal to the stocking level will be calculated thus:

Underage Cost (Cu) will be given as:

= 3 × Overage Cost(Co) = 3Co

Critical Ratio for seller is given as:

= Cu/(Co+Cu)

= 3Co/(Co + 3Co)

= 3Co / 4Co

= 75%

= 0.75

Therefore, the answer is 75%.

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3 years ago

A company's marginal revenue function is MR=150−8x1/3, where x is the number of units. Find the revenue function. (Evaluate C so

N76 [4]

Answer:

R(x) = 150x - 6 $x^{4/3}$

Explanation:

Marginal Revenue function = 150 - 12 $x^{1/3}$

Revenue function = $\int\limits^a_b {150 - 8x^1/3} \, dx$

R(x) = 150x - 8*(x^1/3+1) / (1/3 + 1) + c

R(x) = 150x - 8*3/4x^4/3 + c

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Given R(o) = 0

R(o) = 0 = O + C --- C = O

R(x) = 150x - 6 $x^{4/3}$

6 0

3 years ago

On January 1, Vermont Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had

harkovskaia [24]

The journal entry, to record the sale of the treasury shares on February 1, would include:

a) debit to a loss account for $112,500

b) credit to Treasury Stock for $90,000

c) credit to a gains account for $112,500

d) debit to Treasury Stock for $90,000

Answer:

Option D Debit to Treasury Stock for $90,000

Explanation:

The journal entry of repurchase of treasury stock is as under:

Dr Treasury Stock $90,000

Cr Cash $90,000

As the treasury stock has been purchased for cash, the cash has been decreased and the decrease in treasury stock is credit in nature. Hence the decrease in stock is shown as debit and decrease in cash is shown as credit.

The rate as which the stock is purchased is the price at which treasury stock will be debited = Treasury shares purchased × Fair Value per Share

= 3,750 shares × $24

= $90,000

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3 years ago

If the quantity demanded for a good rises as the price falls, then the curve representing this relationship will be:

Nostrana [21]

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4 years ago

Which of the following statements is CORRECT?

cestrela7 [59]

Answer:

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Explanation:

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3 years ago