Suppose that a woman works 40 hours per week with no opportunity for overtime. She also takes
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Suppose that a woman works 40 hours per week with no opportunity for overtime. She also takes care of a sick parent. Can we say that her time has no value in providing this health care because she could not earn more at work?
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Definitely not The concept this question touches upon is what economists call opportunity cost Oppor...View the full answer
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Related Book For 
The Economics Of Health And Health Care
ISBN: 9781138208049
8th Edition
Authors: Sherman Folland, Allen C. Goodman, Miron Stano
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