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Question 25 (3 points) Suppose Parent A's hourly wage is $40 and Parent B's hourly wage is $60. The household's budget constraint implies that

Question 25 (3 points) Suppose Parent A's hourly wage is $40 and Parent B's hourly wage is $60. The household's budget constraint implies that household consumption and the number of children must satisfy: C=2000-200N C = 5000 600N - C=10000600N C = 10000 1100N - Question 26 (3 points) Assuming the household acts optimally, if it chooses to consume $5600 worth of consumption goods, how many children will it have? 2 3 4 5 6 7 8

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