Which statement best summarizes the role of businesses in the flow of goods? A. Businesses consume goods produced by households.
B. Businesses earn revenue by providing services.
C. Businesses sell goods that are created in product markets.
D. Businesses provide natural resources to product markets.
(C was incorrect)

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?

What are the real flows and money flows that run between households, firms, and governments in the circular flow model? the real flows are that flow from households to firms through markets. a. the services of factors of production; real b. payments; financial c. the services of factors of production; factor d. government goods; factor e. consumption goods; financial?

Cromwell is acquiring some land for $1,200,000 in exchange for semiannual payments of $75,000 at an interest rate of 6.35 percent. how many years will it take cromwell to pay for this purchase?