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a) Microeconomic theories of fertility explain that the number of children that a couple have is balanced against the opportunity cost of raising children: the
a) Microeconomic theories of fertility explain that the number of children that a couple have is balanced against the opportunity cost of raising children: the foregone wages of the mother, the other goods that the couple could have bought with their money, the time cost of raising children, the total resources of the parents, etc. Draw indifference curves for a couple who prefer a smaller number of children to a higher number
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