Assume that in a household one parent currently works full time and the other stays at home

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Assume that in a household one parent currently works full time and the other stays at home to look after the family. How would you set about identifying and calculating the opportunity costs of the second parent now taking a full-time job? How would such calculations be relevant in deciding whether it is worth taking that job?

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Economics

ISBN: 978-0273721307

7th edition

Authors: John Sloman, Alison Wride

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