Which of the Following Is One of the Chief Reasons

question 71

Multiple Choice

Which of the following is one of the chief reasons for the increased number of married women in the U.S.workforce?

• A)The marginal cost of working in the labor force has increased.
• B)Jobs provide greater independence and self-worth.
• C)The opportunity cost of household work has increased.
• D)The sunk cost of household appliances has risen to the point where women must work to make payments on them.
• E)Women spend more time shopping as a result of the increasing division of labor in household production.

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Definitions:

Diminishing Marginal Utility

The principle that as a person increases consumption of a product, while keeping consumption of other products constant, there is a decline in the marginal utility that person derives from consuming each additional unit of that product.

Baseball Card Packs

Packaged collections of trading cards primarily featuring baseball players, often sold as collectibles or hobby items.

Diminishing Marginal Utility

The economic principle that as a person consumes more of a good, the incremental satisfaction gained from consuming additional units tends to decrease.

Ballet Slippers

Lightweight, flexible footwear specifically designed for ballet dancing.