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Rus_ich [418]
3 years ago
14

In the circular flow model, who supplies factors of production in exchange for income?

Business
1 answer:
il63 [147K]3 years ago
4 0

In the circular flow model, factors of production are supplied by HOUSEHOLDS in exchange for income. In the circular flow model, producers are referred to as "firms" while consumers are termed "households". In that sense, goods and services are supplied by firms, and are consumed by households. In the same vein, firms give money to households in exchange for economic resources used as factors of production.

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The correct answer for this question is this one: The statement presented is TRUE. Hope this helps answer your question and have a nice day ahead.


6 0
3 years ago
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There are many factors that affect an organization. Which factor influences an organization’s structure?
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3 years ago
Kelly Company sells its only product for $250 per unit. It has variable costs of $90 per unit. Annual fixed operating costs amou
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Answer:

the break even point in units is 120,000 units

Explanation:

The computation of the break even point in units is shown belwo:

= Annual fixed operating cost ÷ (Selling price per unit - variable cost per unit)

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= $19,200,000 ÷ $160 per unit

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hence, the break even point in units is 120,000 units

We simply applied the above formula so that the correct value could come

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3 years ago
One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $500 per
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Answer:

Here we need to find the length of an annuity. We know the interest rate, the PV, and the payments. Using the PVA equation:

PVA =C({1 – [1/(1 +r)t]} /r)

$14,500 = $500{[1 – (1/1.0155)t] / 0.0155}

Now we solve for t:

1/1.0155t = 1 − {[($14,500)/($500)](0.0155)}

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3 years ago
One example of a job benefit is:
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Answer:

c

explanation:

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