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Chrome File Edit View History Bookmarks People Tab Window Help 7 98% [4]. Fri 11:23 AM Q CD o+ O New Shared with me > You kno M 107491550_295664958292. 009714843.. 107515690_567810547170. My Drive Q Search Shared with me Chrome Fichier Modifier Afficher Historique Favoris Parsonnes Onglet Fendere Aide Question 5 (1 poing 2020 -ECC x + Recent 2.megill.ca/d21/ims/quizzing/user/attempt/quiz_start_frame_auto.d217ou=455185&/spry=&drc-0& #@ MD . not al myparts are big ly educated HOW Pom Moon Em UN Outreach Em Cou. . Lesson Plans m Clinique MSF Chloe Ting not all migrants send back term Starred + Trash It:1:27:08 Sophie Arseneault: Attempt 1 Economists have begun to think that decisions by poor families in developing countries to Storage have more or less children are linked to their rational preferences for a range of consumption 107533798_744473186379 goods, including children as a special good. This question illustrates such a microeconomic 61524045.. 107602943_292463021951.. theory of fertility: Consider that a typical rural family in a developing country Feriland, has a 58.5 MB of 15 GB used total annual income [Y) of $2000. Each year the household can spend this amount on material goods consumption (Gp ) and rearing new born babies (Cd ). If it spends its income all on goods consumption, it gets 400 units of goods. And if it spends it all on rearing new babies it gets 5 children. At present the household is observed to optimally consume 160 units of goods and 3 children. Buy storage Question 19 (1 point) points ) What are the prices of consumption goods and children? Respond in the response box. |2 Question 34 (1 points Concertion refers to b) What is the household's budget constraint? Graph it together with an indifference curve that shows the family's initial optimum consumption. (For consistency place the number of children on the horizontal axis.) Write the budget constraint in the response box. Include the graph in the handwritten document. [3 points] . of of the other voters c) Assume now that there are increased employment opportunities for women in rural Feriland such that their opportunity costs of rearing a child, rises. Thus the price of a child is now $500 per year. Derive the family's new budget constraint and illustrate it on the graph, including the initial constraint and optimal consumption from part (b). W ite the budget constraint in the response box. Include graph and workings in the handwritten document. [5 points] d) Assuming this family considers children and material goods as substitutes, how will the increased women employment opportunities affect its fertility and children bearing decisions? 107610609_576506486382. Illustrate the new optimal consumption point on the graph in part (c). Graph in the handwritten document. [2 points] 83484349.. 107627272_606956243584.. e) Now that household's annual income increases to $4000 (prices remain at their levels in part (a). Write the new budget line and Illustrate it on the same graph as in part (c). Show in the on 15 (1 points Question 18 (1 pcesti ward link is one in which 08. 08. 2.2.6. 6. The Powthat MacBook Pro +
