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
Alik [6]
3 years ago
14

Suppose Janet earns $700 per week working as a jewelry appraiser for Classy's Jewelry Store. She uses $10 to buy a box of aspiri

n at Pillmart Pharmacy. Pillmart Pharmacy pays Felix $450 per week to work the cash register. Felix uses $100 to purchase a necklace from Classy's Jewelry Store.
Identify whether each of the following events in this scenario occurs in the factor market or the product market.
a. Felix earns $450 per week working for Pillmart Pharmacy.
b. Janet earns $875 per week working for Classy's Jewelry Store.
c. Felix spends $325 to purchase necklace from Classy's Jewelry Store.
Business
1 answer:
bixtya [17]3 years ago
7 0

Answer:

A) Felix earns $450 per week working for Pillmart Pharmacy.  Resource market: Felix sells his resources (labor) to the Pillmart Pharmacy in exchange for a salary.

B) Janet earns $875 per week working for Classy's Jewelry Store.  Resource market: Janet sells her resources (labor) to the Classy's Jewelry Store in exchange for a salary.

C) Felix spends $325 to purchase necklace from Classy's Jewelry Store. Product market: the Classy's Jewelry Store sells its products to Felix.

You might be interested in
The DBPR response to an offense that is NOT a substantial threat to the public, usually resulting in a fine of $100 to $500, is
Mashcka [7]

a citation is issued for violations that are such citations carry fines ranging from $100 to $500. the DBPR may issue a notice of noncompliance as a first response to a minor violation.
8 0
2 years ago
A commercial cleaning company spends an average of $500 per year, per customer, in supplies, wages, and account maintenance. An
VLD [36.1K]

Answer:

$1,250

Explanation:

The computation is shown below:

Customer life time value = Gross contribution margin × (yearly retention rate ÷ 1 + yearly discount rate - yearly retention rate)

= $500 × (0.8 ÷ 1 + 0.12 - 0.80)

= $400 ÷ 0.32

= $1,250

The gross contribution margin would be

= $1,000 - $500

= $500

hence, the estimate for the lifetime value os $1,250

5 0
3 years ago
What steps will create a validation rule error message? Use the drop-down menus to explain.
nikdorinn [45]

Answer:

1) open the table in Design view

2) select the field

3) on the field properties general tab, in the Validation Text box, type the message

4) save the changes to the table

Explanation:

edg 2021

7 0
3 years ago
Read 2 more answers
Why is representative money more useful than commodity money?
love history [14]

<span>Representative money is portable, durable, divisible, and acceptable.</span>

8 0
3 years ago
Read 2 more answers
Ken pays $4803.60 for a 3-year annuity of $2,000 per year. What is the Internal Rate of Return?
Veseljchak [2.6K]

Answer:

the internal rate of return is 12%

Explanation:

The computation of the internal rate of return is shown below:

Year         Particulars                   Amount  

0               Initial cost                   -$4,803.6  (C2)

1           Year 1 cash inflows          $2,000  (C3)

2          Year 2 cash inflows         $2,000  (C4)

3           Year 3 cash inflows        $2,000  (C5)

IRR                                                      12.00%

Use this below formula

=IRR(C2:C5)

Hence, the internal rate of return is 12%

5 0
3 years ago
Other questions:
  • Stop and Go has a 4.5 percent profit margin and a 15 percent dividend payout ratio. The total asset turnover is 1.6 and the debt
    5·1 answer
  • Milton Rokeach created the Rokeach Value Survey (RVS), which consists of two sets of values, namely ________ values and ________
    10·2 answers
  • For the past few years your company has sold 50,000 units of goods each year at a selling price of $25/unit. Fixed production co
    6·1 answer
  • This is not one of the important questions when countries decide how to allocate income: "who will consume what is produced?"
    15·1 answer
  • A factor of production that is produced in order to produce something else is called
    13·1 answer
  • When a manufacturer offers a money-back guarantee on the purchase of its products to show that the products will perform as expe
    7·2 answers
  • Musk describes his early days in his first startup, Zip2, as very tight with cash. For example, he and the two other founders be
    9·1 answer
  • After earning a profit of $10 billion, Tekmake decides to double its profits within the next five years. It lays out broad goals
    8·1 answer
  • The start up costs for a project are $25,000. The cost of capital for the firm is 12%. The sum of the present value of the cash
    14·1 answer
  • Read the following statements and decide in which one you think it is ?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!