According to the Circular-Flow Diagram,if Denny Is the Owner of a Landscaping

question 88

Multiple Choice

According to the circular-flow diagram,if Denny is the owner of a landscaping business and he just received $50 for mowing Mrs.Pendleton's lawn,

• A)the $50 represents a cost of production for Denny's firm.
• B)the $50 represents wages,rent,and profit to Denny's firm.
• C)Denny acts as a firm who interacted in the markets for factors of production with Mrs.Pendleton.
• D)Denny acts as a firm who interacted in the markets for goods and services with Mrs.Pendleton.

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