Whether a family is a household or household is a family

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Explain and evaluate the impact of legislation on the U.S. criminal justice system, specifically on the prison population and its impact on poverty and the U.S. economy. Include significant elements and limitations such as the War on Drugs and the First Step Act.

Given the following petroleum tax details, calculate the marginal tax rate and explain its significance: Total Revenue: $500 million Cost of Operations: $200 million Tax Rate: 40% Additional Royalty: 5% Profit-Based Tax: 10%

Use a game tree to illustrate why an aircraft manufacturer may price below the current marginal cost in the short run if it has a steep learning curve. (Hint: Show that learning by doing lowers its cost in the second period.) Part 2 Assume for simplicity the game tree is illustrated in the figure to the right. Pricing below marginal cost reduces profits but gives the incumbent a cost advantage over potential rivals. What is the subgame perfect Nash equilibrium?

Answer 2

Question

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Answer 6

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Answer 7

Chapter 4, Problem 1E

To determine

Whether a family is a household or household is a family

Answer 8

Expert Solution & Answer

Answer to Problem 1E

According to the U.S. Census Bureau definition, a family and a household are not the same thing. A household is a broader concept than a family. There can be a family household or a non-family household.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

A household is a concept where a single or multiple number of people occupy a housing unit. All households need not be a family. It may be a cluster of single or unrelated people living at one place. A family, on the other hand, is a place where people are related to each other either by birth or marriage, or adoption. A family may also contain unrelated people.

Answer 12

Economics Concept Introduction

Concept Introduction:

Household − One or more people occupying a housing unit comprises a household.

Family − Two or more individuals who are connected by birth, adoption or marriage, constitutes a family. Although, they may also include other unrelated people.

Answer 13

Ch. 4 - Prob. 1E Ch. 4 - Prob. 2E Ch. 4 - Prob. 3E Ch. 4 - Prob. 4E Ch. 4 - Prob. 5E Ch. 4 - Prob. 6E Ch. 4 - Prob. 7E Ch. 4 - Prob. 8E Ch. 4 - Prob. 9E

Whether a family is a household or household is a family

Whether a family is a household or household is a family

Answer to Problem 1E

Explanation of Solution

Want to see more full solutions like this?

Chapter 4 Solutions