Business, 22.04.2020 01:35 jahzz

Suppose Hilary earns $750 per week working as a flight attendant for Flyaway Airlines. She uses $9 to have breakfast at Dinah's Diner. Dinah's Diner pays Edison $325 per week to work as a short-order cook. Edison uses $375 to purchase air travel to Hawaii from Flyaway Airlines.
Identify whether each of the following events in this scenario occurs in the resource market or the product market.
a. Edison earns $250 per week working for Dinah's Diner. (Resource Market / Product Market)
b. Hilary spends $10 to order a mojito cocktail. (Resource Market / Product Market)
c. Hilary earns $650 per week working for A-Plus Accountants. (Resource 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.
a. The mojito Hilary receives
b. The $250 Edison spends to purchase tax services from A-Plus Accountants
c. The $250 per week Edison earns working for Dinah's Diner
d. Hilary's labor

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Suppose Hilary earns $750 per week working as a flight attendant for Flyaway Airlines. She uses $9 t...

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