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Question 27 {3 points) Suppose parent B's hourly wage rises to $75. The household's
budget constraint implies that household consumption and the number of children must
satisfy: 0 : 11500 — 1100N C : 6000 — 600N C : 11500 — 200N O : 6000 — 200N

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Question 28 (3 points) Assuming the household acts optimally, if it chooses to consume
$6000 worth of consumption goods, how many children will it have? :3 2 {3 3 {3 4 :3 s :3
6 f3 7 ("TI 8
 

Question 27 (3 points) Suppose parent B's hourly wage rises to $75. The household's budget constraint implies that household consumption and the number of children must satisfy: C = 11500- - 1100N C 6000 600N = C = 11500 200N C=6000 200N -