Because Income depends on work effort and work effort depends on nutrition, suppose the relationship between income (Y) and total food availability (F) in a poor household is given by:Y = 10F + 20F2 – 0.6F3a) If food availability in a two-person household is 20, would it be “rational” to share the food? Explain.b) If food availability in a two-person household is 30, would it be “rational” to share the food? Explain.

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Answered: Because Income depends on work effort…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Because Income depends on work effort and work effort depends on nutrition, suppose the relationship between income (Y) and total food availability (F) in a poor household is given by:

Y = 10F + 20F² – 0.6F³

a) If food availability in a two-person household is 20, would it be “rational” to share the food? Explain.

b) If food availability in a two-person household is 30, would it be “rational” to share the food? Explain.

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