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This question was created from Econ 2444 Problem Set 2 2018(1) (2).docx https://www.coursehero.com/file/33772365/Econ-2444-Problem-Set-2-20181-2docx/

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Let Zm denote total output of single men, Zf total output of single women, Zmf total output of marries households, Sf wife's share of Zmf and Sm husband's share of Zmf.

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Sf Below is supply and demand graph with number of women on the x axis and Sf on the y axis.
Label both axes. Denote the equilibrium number of women married N* and the equilibrium share
of household output given to women Sf*. Explain why the demand curve for wives is downward sloping and the supply curve of wives
willing to many upward sloping. Explain downward sloping demand curve: Explain upward sloping supply curve: D Number of Marriages 1. Let’s play with the model. .‘ LSEd in the article I sent, men play video games a lot more than
women. Now, for the 5 problem, imagine that single males can play video games as
much as they want EL-.. nobody is there to judge them, but married males have other
responsibilities and so do not play video games. In the last twenty years, the quality of video
games has improved dramatically. Assume that this did not affect women's lives and that married
men continued not playing video games. On the graph above, show what you expect has happened
to equilibrium Sf and N because video games became significantly more fun to play. Label the
new Sf, Sf’, and the new N, N’. Explain your predictions in words.

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