A Good Is More Likely to Be Produced at Home

question 144

Multiple Choice

A good is more likely to be produced at home than in the market if _____.

• A) it requires few specialized resources.
• B) the average cost of household production is high.
• C) the marginal benefit from the good is higher than the marginal cost of production.
• D) the marginal benefit from the good is lower than the marginal cost of production.
• E) the opportunity cost of household production is high.

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Definitions:

Weather Bar

A feature in some applications and devices that displays current weather information, forecasts, or alerts, usually in a concise format.

Horizontal Layout

An arrangement of elements in a design or document where items are aligned or organized side by side across the page.

Multiple Calendars

The capability or feature within calendar applications or services to maintain and display several distinct calendars simultaneously, often for organizational purposes.

Daily Calendar

A tool or system for organizing and scheduling tasks, appointments, and events within a single day.