The Unitary Households Is Referred So Because

question 15

Multiple Choice

The unitary households is referred so because

• A) there is one person in the household.
• B) every household is exactly the same.
• C) households follow a unitary distribution.
• D) it treats an entire household as if it were a unitary decision maker,maximizing a single utility function

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Definitions:

Present Value

The current-day worth of an anticipated future money amount or cash flow sequences, calculated using a particular rate of return.

Received

Refers to any amount of money received by a party or business, usually in the context of payments for goods or services.

Annually

Pertaining to an event or activity that occurs once every year.

New Home Prices

The selling prices of newly constructed homes currently on the market.