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Macroeconomics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188131Macroeconomics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188131 Exercise 2
HOUSEHOLD PRODUCTION Many households supplement their food budget by cultivating small vegetable gardens. Explain how each of the following might influence this kind of household production:
a. Both husband and wife are professionals who earn high salaries.
b. The household is located in a city rather than in a rural areA.c. The household is located in a region with a high sales tax on food.
d. The household is located in a region with a high property tax rate.
a. Both husband and wife are professionals who earn high salaries.
b. The household is located in a city rather than in a rural areA.c. The household is located in a region with a high sales tax on food.
d. The household is located in a region with a high property tax rate.
Explanation
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a.Reduce the household production:
If b...
Macroeconomics 10th Edition by William McEachern
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