In the circular flow model, multiple choice 1 resource markets provide for the exchange of labor and product markets provide for the exchange of goods and services. goods markets provide for the transfer of money and labor markets provide for the transfer of inputs. labor markets provide for the transfer of money and goods markets provide for the transfer of inputs. resource markets provide for the goods and services and product markets provide for the exchange of labor. b. In the circular flow model, multiple choice 2 businesses buy both goods and labor; households sell both goods and labor. businesses sell both goods and labor; households buy both goods and labor. businesses buy goods and sell labor; households sell goods and buy labor. businesses sell goods and buy labor; households buy goods and sell labor. c. In the goods and services portion of the circular flow model, there is a flow of multiple choice 3 real goods and services and a flow of output. real goods and services and a flow of money. real goods and services and a flow of labor. labor and a flow of money.

Table 1. shows the expected demand for the dvd at different suggested donation levels, and they can act as a single-price monopolist if they choose to. thereceipts will be used to fund gstcg supplies for their data collection and conservation work. at the end of each sea turtle nesting season, any excess funds are donated by the gstcg to a local non-profit sea turtle research and rehabilitation facility. table 1 suggested anticipated total marginal profit donation per number of dvd revenue revenue dvd request requests $19.00 0 $15.00 2 $9.50 4 $7.75 10 $3.00 15 $0.00 20 a. complete table 1 by computing the total revenue, marginal revenue, and profit columns. b. the president wants the gstcg to provide videos to generate the most possible donations (total revenue). what price, if any, is the president of the gstcg favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. c. the education outreach committee wants the gstcg to provide videos to the highest possible number of people. what price, if any, is the educational outreach committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. d. the treasurer of the gstcg wants the dvd program to be as efficient as possible so that the marginal revenue equals marginal cost. what price, if any, is the treasurer favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. e. the fundraising committee wants the dvd program to generate as much profit in donations as possible. what price, if any, is the fundraising committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer.