Q1. Hillary proposes, instead, that she specialize in making clothing i.e. she'll do all the clothing production for the family; though, if all her time is devoted to clothing and they still desire more, then Bill can help with clothing production. Illustrate what does the household construction possibilities frontier look like now?
Q2. What is the combined consumer surplus for the 4 buyers if all the Spiders are sold for $840,000?
Q3. Explicate why the government expenditure multiplier is different from the tax multiplier?