ugh my book gives us the easy stuff and then our homework makes no sense. if someone could help me out by directing me to any other sites or just explaining how it works and any formulas it would be great. i want to understand what i'm doing but when my teacher doesn't really teach us the information - it's hard for me to learn. thanks and sorry for the trouble.
Emma wishes to start a landscaping company, selling plants and landscaping services to new residents of New England Manor, a subdivision that is developing south of Tampa, Florida.
a. What types of resources are available for the firm to hire? Give examples of each type of resource.
b. How are the prices of the resources determined?
c. Emma can employ several workers to dig the necessary holes and ditches on his clients' land or purchase a single specialized back- and hire only one operator to dig these holes and ditches. Explain how she should make his decision.
d. How is the "product flow" from Emma's company converted to the "money flow" in the Circular Flow Model.
1 answer