Based on this model, households earn income when Suppose Yvette earns $775 per week working as a software engineer for Casement. She uses $10 to take a yoga class at Big Bend. Big Bend pays Sean $225 per week to instruct yoga. Sean uses $350 to purchase software from Casement. Event Identify whether each of the following events in this scenario occurs in the factor market or the product market. Sean earns $225 per week working for Big Bend. Sean spends $350 to purchase software from Casement. Yvette earns $775 per week working for Casement. purchase Factor Market Product Market Yvette's labor OO The $350 Sean spends to purchase software from Casement The yoga class Yvette receives The $225 per week Sean earns working for Big Bend in factor markets. 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. O

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Based on this model, households earn income when
Suppose Yvette earns $775 per week working as a software engineer for Casement. She uses $10 to take a yoga class at Big Bend. Big Bend pays
Sean $225 per week to instruct yoga. Sean uses $350 to purchase software from Casement.
Event
Identify whether each of the following events in this scenario occurs the factor market or the product market.
Sean earns $225 per week working for Big Bend.
Sean spends $350 to purchase software from Casement.
Yvette earns $775 per week working for Casement.
purchase
The $350 Sean spends to purchase software from Casement
Yvette's labor
Factor Market Product Market
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 yoga class Yvette receives
in factor markets.
The $225 per week Sean earns working for Big Bend
L
►
Transcribed Image Text:Based on this model, households earn income when Suppose Yvette earns $775 per week working as a software engineer for Casement. She uses $10 to take a yoga class at Big Bend. Big Bend pays Sean $225 per week to instruct yoga. Sean uses $350 to purchase software from Casement. Event Identify whether each of the following events in this scenario occurs the factor market or the product market. Sean earns $225 per week working for Big Bend. Sean spends $350 to purchase software from Casement. Yvette earns $775 per week working for Casement. purchase The $350 Sean spends to purchase software from Casement Yvette's labor Factor Market Product Market 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 yoga class Yvette receives in factor markets. The $225 per week Sean earns working for Big Bend L ►
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