Oppurtunity cost-households production


(Households production):

Many households supplements their food budget by cultivating small vegetable gardens. Explain how each of the following migth influence this kind of household production:

A. both husband and wife are professionals who can earn high saleries.

B. the household is located in acity rather than in a rural area.

C. the household is located in a region where there is a high sales tax on food.

D. the household is located in a region that has has a high property tax rate.

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Microeconomics: Oppurtunity cost-households production
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