Which of the following are not reasons household production still exists?
a. No skills or special resources are needed.
b. Household production avoids taxes.
c. Household production increases transaction costs.
d. Technological advances increase household productivity.
c
You might also like to view...
The empirically observed backward-bending labor supply curve cannot arise from homothetic tastes.
Answer the following statement true (T) or false (F)
Regardless of how price elastic labor demand curves are, employers are unaffected by wage taxes if labor supply is perfectly inelastic.
Answer the following statement true (T) or false (F)
Which of the following assets had both the lowest average annual return and lowest risk between 1926 and 2011?
A) small company stocks B) large company stocks C) long-term corporate bonds D) U.S. Treasury bills
The marginal revenue product is: a. the value of all the final goods and services produced by a firm
b. the value that an worker contributes to a firm. c. an increase in the profit of a firm with an increase in the output by one unit. d. the output per unit of worker employed by a firm. e. the value that all the unskilled workers contribute to a firm.