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ECON MACRO

5th Edition
William A. McEachern
ISBN: 9781337000529

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Section
BuyFindarrow_forward

ECON MACRO

5th Edition
William A. McEachern
ISBN: 9781337000529
Textbook Problem

Many households supplement their food budget by cultivating small vegetable gardens Explain how each of the following might influence this kind of household production:

  1. Both husband and wife are professionals who earn high salaries.

  • The household is located in a city rather than in a rural area.
  • The household is located in a region where there is a high sales tax on food purchases.
  • The household is located in a region that has a high property tax rate.
  • A

    To determine

    The influence of working husband and wife on the household production.

    Explanation

    If both husband and wife are professionals who earn higher salaries, then they may not be able to spend m...

    B

    To determine

    The influence of location of the household on the production of the household.

    C

    To determine

    The influence of the high sales tax on food purchases on the production of the household.

    D

    To determine

    The influence of high property tax rate on the household production.

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