Question
2. Using Gary Becker's model of household time allocation, draw one (1) graph (big enough so I can read it) showing the male's (M) production
2. Using Gary Becker's model of household time allocation, draw one (1) graph (big enough so I can read it) showing the male's (M) production possibilities frontier (PPFM1) shown by the equation T=15CM+30ZM when T (number of hours) is 300, consumption (C) is on the vertical axis, and household goods (Z) is on the horizontal axis. (10 points) 3. Using Gary Becker's model of household time allocation, draw one (1) graph (big enough so I can read it) showing the female's (F) production possibilities frontier (PPFF1) shown by the equation T=20CF+25ZF when T (number of hours) is 300, consumption (C) is on the vertical axis, and household goods (Z) is on the horizontal axis. (10 points) 4. Using Gary Becker's model of household time allocation, draw one (1) graph (big enough so I can read it) showing the household (HH) production possibilities frontier (PPFHH1) using your graphs from #3 and #4. Show on your graph that the household chooses to maximize household consumption (U1) at C=25. Hint: You must determine the quantity of Z when C=25. Label exact total household quantities (CHH1 and ZHH1) and quantities produced by the male (ZM1, CM1) and the female (ZF1, CF1). (25 points) 5. On your graph in #3 AND your graph in #4 (do NOT draw new graphs), show that violence against the female leads to a decrease in productivity of 25% of the female's household production. Show on your graph where the household could now choose to maximize household consumption (U2). Label exact total household quantities (CHH2 and ZHH2) and quantities produced by the male (ZM2, CM2) and the female (ZF2, CF2). (30 points)
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