The model shows that households earn money when <u>Firms </u>purchase <u>Factors </u>in factor markets.
<h3>Interaction between the Household and a Firm </h3>
- Households buy goods from firms thereby passing income to firms.
- Firms buy labor from households.
Households therefore earn an income when firms decide to go to the factor market and buy a factor such as labor from households.
In conclusions, households and firms are interconnected.
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Answer: within five days or 10
Explanation:
Answer:
From what height did the parachutist jump?
914 m
Explanation:
v = 58.8 m/s
u = 0 m/s
a = 9.81 m/s^2
t = 6.00 s
v^2 = u^2 + 2as
58.8^2 = 0 + 19.62s
s = 3457.44/19.62 = 176.22m
Upon decelerating after opening parachute;
v = 10 m/s
u = 58.8 m/s
t = 4.00
deceleration =( 58.8 - 10)/4.00 = 12.2 m/s^2
v^2 = u^2 + 2as
100 = 58.8^2 - 24.4s
3357.44/24.4 = s
s = 137.6s
Upon decending at constant velocity
distance = time*velocity = 10.0*60 = 600 m
Initial height = 600 + 137.6 + 176.22 = 913.82 m = 914 m
Money that’s the amount you would use
Answer:
1. to gain a comparative advantage
2. to increase efficiency
Explanation:
Specialization involves concentrating on producing a few items that once can produce better than others.
Specializing in producing a few preferred goods and services makes a person, company, or country more efficient in resource usage. They consume fewer inputs, such as labor, while making the goods and services. The use of fewer inputs is increasing efficiently, which makes their products cost less compared to competitors.
Specialization makes a company or individual an expert in what they do. Experts make quality products. High quality at competitive prices gains a country or company comparative advantage over the others.
