MICROECONOMICS (LL) W/ CONNECT
MICROECONOMICS (LL) W/ CONNECT
21st Edition
ISBN: 9781260923933
Author: McConnell
Publisher: MCG
bartleby

Concept explainers

Question
Book Icon
Chapter 19, Problem 1DQ
To determine

The Malthus’ theory of human reproduction and its relevance.

Expert Solution & Answer
Check Mark

Explanation of Solution

The Malthusian theory of human reproduction is that it is a living standard. It is based on food supply. The people have to rise above the subsistence. Thus, they can afford to have more children and increase population growth.  Eventually, however, the population growth will overwhelm food supply growth and living standards will be pushed back to subsistence.

This theory works well for non-human life forms like bacteria and rabbit populations. This is continued to expand until there is a food supply to support them.  They have a biological drive to procreate and lack any ability to reason that unchecked population growth might eventually have adverse effects.

In the pre-industrial period in the US, Europe and other the less-developed economies had a large number of births as a way to hedge against high rates of infant / childhood mortality. Nowadays, the standard of living is better than before so the risk of premature death decreases significantly. Thus, the families tend to focus on quality; not on maximizing the quantity of their family.

Economics Concept Introduction

Concept Introduction:

Malthus theory: Malthus theory states that the population grows geometrically and food supply increases arithmetically.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
From the list below, select the characteristics thatdescribe a good economic model. [LO 1.6]a. Includes every detail of a given situation.b. Predicts that A causes B.c. Makes approximately accurate assumptions.d. Fits the real world perfectly.e. Predicts things that are usually true.
Complete the accompanying table and answer the accompanying questions. (L01, LO6, LO7) a. At what level of the control variable are net benefits maximized? b. What is the relation between marginal benefit and marginal cost at this levelof the variable? Control Variable Q Total Benefits B(Q) Total Cost C(Q) Net Benefits N(Q) Marginal Benefit MB(Q) Marginal Cost MC(Q) Marginal Cost MC(Q) 100 1200 950       60 101 1400         70 102 1590         80 103 1770         90 104 1940         100 105 2100         110 106 2250         120 107 2390         130 108 2520         140 109 2640         150 110 2750         160
Suppose you have two job offers and are considering the trade-offs between them. Job A pays$45,000 per year and includes health insurance andtwo weeks of paid vacation. Job B pays $30,000 peryear and includes four weeks of paid vacation butno health insurance. [LO 1.2]a. List the benefits of Job A and the benefits ofJob B.b. List the opportunity cost of Job A and theopportunity cost of Job B
Knowledge Booster
Background pattern image
Economics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage