All of the Following Variables Play an Important Role in the Household

question 6

Multiple Choice

All of the following variables play an important role in the household production model except:

• A) the wage rate of the worker
• B) the price of raw food (or inputs to the time-intensive good)
• C) the time required for preparation of time-intensive goods
• D) non-labour income.
• E) the price of processed food (a goods-intensive commodity)