Author Question: You are more likely to hire a plumber to repair a leaky drain pipe a. as the tax rate on your ... (Read 63 times)

Caiter2013

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You are more likely to hire a plumber to repair a leaky drain pipe
 a. as the tax rate on your earned income rises
  b. if you already own the specialized tools required to complete the plumbing repair work
  c. following an increase in the opportunity cost of your time
  d. the more knowledge and experience in plumbing repair work that you possess
  e. as the transaction cost of entering into a plumbing contract increases due to government regulations

Question 2

Household production is more likely to occur when
 a. it requires many specialized resources
  b. technology makes it easier than market production
  c. tax avoidance is undesirable
  d. less control over the final product is desirable
  e. the opportunity cost of household production is high



steff9894

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Answer to Question 1

C

Answer to Question 2

B



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