Use marginal benefit and marginal cost curves to show the impact of the following conditions as they

Question:

Use marginal benefit and marginal cost curves to show the impact of the following conditions as they relate to the number of children parents decide to have:

a) Children are required to go to school until age 16.

b) Parents are required to pay for their children’s college education.

c) Children are required to support their elderly parents.

d) Parents are promised job security if they take off for extended (unpaid)

maternity leave.

e) Parents are no longer required to pay Social Security taxes for household employees, including babysitters.

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