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-BARSIC- [3]
3 years ago
12

Dave gets a job at a grocery store, which pays him an hourly wage in exchange for his labor. Dave is participating in __________

.
Business
1 answer:
Slav-nsk [51]3 years ago
3 0

Answer:

The factor market

Explanation:

The factor market refers to buying and selling of factors of production. Factors of production are land, labor, capital, entrepreneurship. Prices of factors of production are determined by interaction of supply and demand forces. By Dave offering his labor, he receives wages as a reward for the factor of production he provides i.e. labor.

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A buildup approach is used by Howard to find out how much fiberglass insulation to use in building homes

<h3>What is a buildup approach?</h3>

This refers to the method of calculating an market's revenue potential by recognizing the number of probable purchasers in the market and ther purchaser's requirements as well.

Hence, this same approach is used by Howard to find out how much fiberglass insulation to use in building homes.

Read more about buildup approach

<em>brainly.com/question/14167677</em>

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3 years ago
In which of the following market structures would X-inefficiency be most likely to exist?Perfect competition.Monopoly.Oligopoly.
Mademuasel [1]

Answer:

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