This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: One hundred years ago, in North America and Europe it was commonplace for middle class households to ... (Read 195 times)

tspaw0811

  • Full Member
  • ***
  • Posts: 165
on: Oct 12, 2022
One hundred years ago, in North America and Europe it was commonplace for middle class households to employ housemaids. As you know, this is quite rare today. Most such households now have dishwashers, washing machines and dryers. What is an explanation of this change?
◦ Households substituted away from a factor whose price was falling (labour) and toward a factor whose price was rising (capital).
◦ Over long periods of time, capital is always replaced by labour.
◦ Households substituted away from an increasingly expensive factor (labour) and toward an increasingly inexpensive factor (capital).
◦ The marginal product of labour was falling over time while the marginal product of capital was rising.
◦ Over long periods of time, labour is always replaced by capital.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tspaw0811 on Oct 12, 2022

Khareemom14

  • Full Member
  • ***
  • Posts: 163
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 59% of students answer this correctly


tspaw0811

  • Member
  • Posts: 165
Reply 2 on: Oct 12, 2022
Gracias!

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
The Great Lakes— America’s “Fourth Coast” The Great Lakes— America’s “Fourth Coast”
Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f Model of a sequential study in which two cohorts were followed beginning at age 20. One cohort was f
Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o Like most world-changing inventions, the printing press of fifteenth-century Europe took advantage o
Mount Pinatubo caused ~1˚C cooling for up to 5 years Mount Pinatubo caused ~1˚C cooling for up to 5 years
A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ... A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ...
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library