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Scenario occurs in the market for factors of production

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Reference no: EM131998616

Suppose Eileen earns $650 per week working as a programmer for PC Pros. She uses $9 to have breakfast at Dinah's Diner. Dinah's Diner pays Clancy $400 per week to work as a short-order cook. Clancy uses $175 to purchase software from PC Pros.

Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.

Event

So it can only be one of these two answers: Market for Factors of Production or Market for Goods and Services for these three problems below.

Eileen spends $9 to have breakfast.

Clancy spends $175 to purchase software from PC Pros.

Clancy earns $400 per week working for Dinah's Diner.

This is a two step problem. If you can answer the one below to, I would really appreciate that.

Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply.

A. The $175 Clancy spends to purchase software from PC Pros

B. Eileen's labor

C. The $400 per week Clancy earns working for Dinah's Dine

D. All the above

Reference no: EM131998616

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