Suppose Frances earns $825 per week working as a programmer for PC Pros. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Dmitri $450 per week to work the cash register. Dmitri uses $175 to purchase software from PC Pros. Identify whether each of the following events in this scenario occurs in the factor market or the product market. EventFactor MarketProduct MarketFrances spends $9 to buy a box of aspirin. Frances earns $825 per week working for PC Pros. Dmitri spends $175 to purchase software from PC Pros. 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. Frances's laborb. The $450 per week Dmitri earns working for Pillmart Pharmacyc. The aspirin Frances receivesd. The $175 Dmitri spends to purchase software from PC Pros Suppose Frances earns $825 per week working as a programmer for PC Pros. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. PillmartPharmacy pays Dmitri $450 per week to work the cash register. Dmitri uses $175 to purchase software from PC Pros.Identify whether each of the following events in this scenario occurs in the factor market or the product market.EventFactor Market Product MarketFrances spends $9 to buy a box of aspirin.Frances earns $825 per week working for PC Pros.Dmitri spends $175 to purchase software from PC Pros.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 thatapply.Frances's laborThe $450 per week Dmitri earns working for Pillmart PharmacyThe aspirin Frances receivesThe $175 Dmitri spends to purchase software from PC Pros

Given in the question: Frances earns $825 per week because Frances is working as a programmer for PC…

Answered: Identify whether each of the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Suppose Frances earns $825 per week working as a programmer for PC Pros. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart Pharmacy pays Dmitri $450 per week to work the cash register. Dmitri uses $175 to purchase software from PC Pros.

Identify whether each of the following events in this scenario occurs in the factor market or the product market.

Event	Factor Market	Product Market
Frances spends $9 to buy a box of aspirin.
Frances earns $825 per week working for PC Pros.
Dmitri spends $175 to purchase software from PC Pros.

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. Frances's labor

b. The $450 per week Dmitri earns working for Pillmart Pharmacy

c. The aspirin Frances receives

d. The $175 Dmitri spends to purchase software from PC Pros

Suppose Frances earns $825 per week working as a programmer for PC Pros. She uses $9 to buy a box of aspirin at Pillmart Pharmacy. Pillmart
Pharmacy pays Dmitri $450 per week to work the cash register. Dmitri uses $175 to purchase software from PC Pros.
Identify whether each of the following events in this scenario occurs in the factor market or the product market.
Event
Factor Market Product Market
Frances spends $9 to buy a box of aspirin.
Frances earns $825 per week working for PC Pros.
Dmitri spends $175 to purchase software from PC Pros.
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.
Frances's labor
The $450 per week Dmitri earns working for Pillmart Pharmacy
The aspirin Frances receives
The $175 Dmitri spends to purchase software from PC Pros

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