Ask Question
BusinessBusiness
28 May, 07:48

If Anderson works 37 hours each week as a clerk at the county courthouse, he is supplying labor in an

1. mixed output input market. Anderson is considered

2. household firm. If Mei Lin purchases a 3-week Mediterranean cruise vacation for her parents, the cruise ship company is supplying a service in the

3. input output mixed market. The cruise ship company is considered

4. household firm. If Caterpillar doubles employment at its Huntsville, Alabama factory, Caterpillar is demanding labor in the

5. input output mixed market. Caterpillar is considered a

6. household firm. If the Greyson family sells their 250-acre ranch to Marriott, so Marriot can build a new resort and golf course, the Greyson family is supplying land in an

7. input output mixed market. The Greyson family is considered

8. a firm household.

+2
Answers (1)
  1. 28 May, 07:51
    0
    Answers:

    1. If Anderson works 37 hours each week as a clerk at the county courthouse, he is supplying labor in an input market. Anderson is considered as household.

    2. If Mei Lin purchases a 3-week Mediterranean cruise vacation for her parents, the cruise ship company is supplying a service in the output market.

    3. The cruise ship company is considered as firm.

    4. If Caterpillar doubles employment at its Huntsville, Alabama factory, Caterpillar is demanding labor in the input market.

    5. Caterpillar is considered a firm.

    6. If the Greyson family sells their 250-acre ranch to Marriott, so Marriot can build a new resort and golf course, the Greyson family is supplying land in an input market.

    7. The Greyson family is considered household.

    Explanation:

    Households provide the demand for the goods and services in the market. Households also provide inputs to the firms in the form of labor. The households earn wages through supply of labor to the labor market. Firm is any business organisation that sells goods or services to make profits. Firms take labor as input from the households. Firms supply goods and services for the households.

    Input means taking things into firm while output means giving out a product or service to households.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If Anderson works 37 hours each week as a clerk at the county courthouse, he is supplying labor in an 1. mixed output input market. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In what accounts should the following items be classified? (a) Coins and currency. (b) U. S. Treasury (government) bonds. (c) Certificate of deposit. (d) Cash in a bank that is in receivership. (e) NSF check (returned with bank statement).
Answers (1)
Shadee Corp. expects to sell 640 sun visors in May and 350 in June. Each visor sells for $13. Shadee's beginning and ending finished goods inventories for May are 65 and 55 units, respectively.
Answers (1)
On January 10, 2020, Perez Co. sold merchandise on account to Robertsen Co. for $15,600, n/30. On February 9, Robertsen Co. gave Perez Co. a 10% promissory note in settlement of this account.
Answers (1)
A single negotiator is simply one of the parties in a multiparty negotiation and wants to ensure that his or her own issues and interests are clearly incorporated into the final agreement. (A) True (B) False
Answers (2)
What is the meaning of a team? A. group of people who work simultaneously on various projects B. group of people who work together to achieve different goals C. group of people who compete against each other to achieve a common goal D.
Answers (1)
New Questions in Business
Dave and betsy have run kozy korner for many years, and from that experience they feel knowledgeable about the most likely threats to the business. however, experience has also taught them that completely unexpected events can happen.
Answers (1)
Firm A and Firm B have the same total assets, ROA and profit margin. However, Frim B has a higher debt ratio and interest expense then Firm A. Which of the following statements is correct? A.) Firm B must have a higher ROE than first A. B.
Answers (1)
You own a portfolio that is 32 percent invested in Stock X, 20 percent invested in Stock Y, and 48 percent invested in Stock Z. The expected returns on these three stocks are 6 percent, 19 percent, and 15 percent, respectively.
Answers (1)
Which of the following statements about knowledge is true? Data and information are the same as knowledge. Knowledge resides in information. Knowledge is the understanding that one gains from information.
Answers (1)
A client with acquired immunodeficiency syndrome (AIDS) develops Pneumocystis carinii pneumonia. Which nursing diagnosis has the highest priority? A. Impaired oral mucous membranes B. Activity intolerance C.
Answers (1)
Home » Business » If Anderson works 37 hours each week as a clerk at the county courthouse, he is supplying labor in an 1. mixed output input market. Anderson is considered 2. household firm.
Sign Up Forgot Password?