In classifying children as consumption goods, what conclusion can be drawn?

Question

Quizplus · Accepted Answer

The statement that "parents can always specify a utility function that captures benefits from having Children" suggests that there can be a wide range of benefits that parents derive from having children, including emotional, social, and cultural benefits, among others. While it is true that children can also be viewed as a source of costs (such as childcare, education, and healthcare expenses), this does not negate the fact that there are substantial benefits that parents can derive from having children, which can be captured in a utility function. Therefore, option B is the most appropriate choice.

In Classifying Children as Consumption Goods, What Conclusion Can Be