Question

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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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a. 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*. b. Explain why the demand curve for wives is downward sloping and the supply curve of wives willing to marry upward sloping. Explain downward sloping demand curve: Explain upward sloping supply curve: Sf S D Number of Marriages C. Let's play with the model. " " ised in the article I sent, men play video games a lot more than women. Now, for the s problem, imagine that single males can play video games as much as they want a.... 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.

This question was created from Econ 2444 Problem Set 2 2018(1) (2).docx

Subject: Business, Economics
a. 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...
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