Consider the following story: Sonya earns $900 per week working as a nurse at Me
ID: 1239454 • Letter: C
Question
Consider the following story: Sonya earns $900 per week working as a nurse at Mercy Hospital. Sheuses $300 to purchase a recliner at Sears. Sears pays Victoria $800 per week to work as a sales
associate. Victoria uses $400 to purchase medical services at Mercy Hospital.
Which of the following events in this story occur in the market for factors of production (input market)?
Check all that apply.
A. Sonya spends $300 to purchase a recliner at Sears.
B. Victoria spends $400 to purchase medical services at Mercy Hospital.
C. Victoria earns $800 per week working at Sears.
D. Sonya earns $900 per week working at Mercy Hospital.
Explanation / Answer
Consider the following story: Sonya earns $900 per week working as a nurse at Mercy Hospital. She uses $300 to purchase a recliner at Sears.
Sears pays Victoria $800 per week to work as a sales associate. Victoria uses $400 to purchase medical services at Mercy Hospital.
Which of the following events in this story occur in the market for factors of production (input market)?
Check all that apply.
A. Sonya spends $300 to purchase a recliner at Sears.
B. Victoria spends $400 to purchase medical services at Mercy Hospital.
C. Victoria earns $800 per week working at Sears.
D. Sonya earns $900 per week working at Mercy Hospital.