| Household Production Function |
Article Index for Household |
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Information AboutHousehold Production Function |
| CATEGORIES ABOUT HOUSEHOLD PRODUCTION FUNCTION | |
| microeconomics | |
| household production function | |
| household behavior and family economics | |
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EXAMPLES A simple example of this is baking a cake. The consumer purchases flour, eggs, and sugar, and then uses some time and their labor to produce a cake. The consumer did not really want the flour or sugar, but they purchased them so that they could produce the cake that they actually wanted. FORMAL MODELS |
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