1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedbober [7]
3 years ago
13

Consider the circular flow model when answering the following questions

Business
1 answer:
Mekhanik [1.2K]3 years ago
8 0

Answer:

a. Factor market

b. the firm

c. product market

Explanation:

a, Factory is one of the  factors of production, if it must be traded, it will be done in the market for factors of production known as the factor market.

b. Profit is a reward for one of the factors of production called entrepreneur, the entrepreneur, in the circular flow model is the firm

d. Consumer goods like coffee are available in the product market, therefore the price for coffee is determined in the product market.

You might be interested in
In many developing countries, the amount paid in ___________________ was as much as the combined amount for water, health, agric
Marianna [84]

In many developing countries, the share paid in a deficit budget was as much as the united amount for water, health, agriculture, roads, transport and finance.

<h3>What is the surplus and deficit budget?</h3>

A budget surplus is when extra money is gone over in a budget after expenses are paid. A budget deficit ensues when the federal government spends more money than it contains in revenue. Internal loans that drive up for the bulk of public debt are further divided into two broad types – marketable and non-marketable debt.

Anyone having borrowed funds or interests from another owes a debt and is beneath obligation to return the goods or repay the funds, usually with interest. For governments, the demand to borrow to finance a deficit budget has led to the growth of various states of national debt.

To learn more about the deficit budget visit the link

brainly.com/question/10876388

#SPJ4

6 0
11 months ago
Sunland Company incurs the following costs to produce 11400 units of a subcomponent: Direct materials $9576 Direct labor 12882 V
anygoal [31]

Answer:

$4,392

Explanation:

Sunland Company

Therefore the costs are eliminated if they outsource the manufacturing:

Direct materials $9,576

Direct labor $12,882

Variable overhead $14,364

Total $36,882

Their new cost is ($2.85 X 11,400) $32,490

$36,882 - $32,490 = $4,392

If Sunland accepts the offer the net income increase (decrease) by $4,392

8 0
3 years ago
Donna entered into an oral contract with Ava to purchase a house from Ava, with $500 per month payments for the next 10 years. D
Crank

Answer:

Oral contracts regarding the sale of real property are enforceable under the Statute of Frauds.

Explanation:

Another thing that supports Donna's case is that she spent money, time and possibly others resources remodeling the house because she relied on the validity of the oral contract.

4 0
3 years ago
If consumers buy less of a commodity when their incomes rise, this commodity is .
WINSTONCH [101]
The commodity is an inferior good. 

An inferior good is one for which the quantity demanded decreases when the income of the consumer increases, or one for which the quantity demanded increases when the income of the consumer decreases. In contrast, a normal good is one for which the demand increases when the consumer's income increases.
6 0
3 years ago
Suppose that Boeing and Rolls-Royce Holdings are the sole producers of a particular jet engine. The two firms currently charge t
Reil [10]

Answer:

each firm reduces its price.

3 0
3 years ago
Other questions:
  • The use of activity-based costing information to support the decision-making process is known as:
    11·1 answer
  • Is buffet correct that it is the role of the federal government to make sure people who work will have enough income to live a​
    15·1 answer
  • Assume $1,000 is deposited in a checkable account by Mr. Y in Bank A. Assume further that the reserve requirement is 0.10. The i
    9·1 answer
  • While you're working in a sales office, the office manager says that the sales staff should try to use an empathetic tone when s
    10·1 answer
  • Octavia has received an email from a customer asking her a question about a product unfortunately Octavia doesn't know the answe
    15·2 answers
  • An acre lot was purchased for $100,000. A $500,000 office building was erected. The building is placed in service in May. Find t
    15·1 answer
  • Jill has recently begun working at a local florist. In addition to creating floral arrangements, Jill spends a good deal of her
    15·1 answer
  • If a firm earns $9,000 in long-run, then what type of market structure does this firm belong to?
    14·1 answer
  • Money serves three functions in the economy: medium of exchange, unit of account, and store of value.
    9·1 answer
  • Tax preparation software can help prepare and file your
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!