assignment 1 - Marriage has many benefits that Jack and...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Marriage has many benefits that Jack and Jill would like to experience. Marriage is considered the norm; approximately ninety percent of adults will be married at some point in their lives. With the divorce rate currently being so high it is hard not to wonder why so many people choose marriage. It is very simple; most people expect marriage to make them better off. Jack and Jill could decide to live together rather than get married; however cohabitation does not quite offer the various benefits of marriage. When cohabiting, Jack and Jill could share fixed costs, such as the cost of furniture, electricity and household appliances. With two people living together, the cost of production also decreases. When Jack cooks food, Jill has the luxury of enjoying Jack’s home cooked meal. When Jill buys the latest new popular CD, Jack gets to listen to it without incurring the cost himself. However, cohabitation does have its shortcomings. With cohabitation, specialization is not likely to occur. Specialization is when both the male and female do what they are best at to create a higher output. Jack and Jill greatly seek specialization. They look into the economic benefits of marriage and discover that married people are in fact experiencing a much smaller
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 3

assignment 1 - Marriage has many benefits that Jack and...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online