Author Question: You are more likely to hire a plumber to repair a leaky drain pipe a. as the tax rate on your ... (Read 64 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
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

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

For a complete list of videos, visit our video library