Question

Need A lot of Help

Your teacher will grade your response to ensure you receive proper credit for your answer.
1. Basil 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.

What types of resources are available for the firm to hire? Give examples of each type of resource.

How are the prices of the resources determined?

Answer 1

Basil can employ several workers to dig the necessary holes and ditches on his clients' land or purchase a single specialized backhoe and hire only one operator to dig these holes and ditches. Explain how he should make his decision.

How is the "product flow" from Basil's company converted to the "money flow" in the Circular Flow Model?

Answer 2

I understand a little bit. But Not enough to find the answers by myself. If it would nt be too much, could anyone explain each answer...little bit. dont take too much time. a simple explanation would be awesome