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Business, 17.09.2019 19:00 brooklyn4932

Based on this model, households earn income whenfirms purchase in factor markets. suppose neha earns $650 per week working as work as a flight attendant for flyaway airlines. she uses $9 to order a mojito cocktail at little havana. little havana pays lorenzo $350 per week to wait tables. lorenzo uses $250 to purchase air travel to hawaii from flyaway airlines. identify whether each of the following events in this scenario occurs in the factor market or the product market. event factor market product market lorenzo earns $350 per week working for little havana. lorenzo spends $250 to purchase air travel to hawaii from flyaway airlines. neha earns $650 per week working for flyaway airlines. which of the elements of this scenario represent a flow from a household to a firm? this could be a flow of dollars, inputs, or outputs. check all that apply. the $350 per week lorenzo earns working for little havana neha's labor the $250 lorenzo spends to purchase air travel to hawaii from flyaway airlines the mojito neha receives

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Based on this model, households earn income whenfirms purchase in factor markets. suppose neha earns...
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