Question: Please answer the 4 questions w/ explanation . Question# 2 On the joint FFF [married PPF} with equal productivities. if one individual onlyr 1works in
Please answer the 4 questions w/ explanation .
Question# 2


On the joint FFF [married PPF} with equal productivities. if one individual onlyr 1works in the labor market and the other individual onlyr works in the household {full specialization]. their total household production of g is ______ {a} HT M {b} T {C} i} {d} None of these answers {e} Cannot be determined from this information A flattening PPF (the absolute value of the slope is becoming smaller) indicates that an hour in market production is becoming more productive relative to an hour in household production. O True O FalseA single person only needs one refrigerator for their kitchen. A married couple also only needs one refrigerator. The savings accrued by the individuals when they marry due to not needed tvvo refrigerators is an example of 0 cost sayings due to house hold economies of scale C) risk-sharing O a joint consumption complementary C) an intertemporal commitment device
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