Who will specialize in the labor market and household

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Jack's hourly wage is $60 and themarginal value of his time in the household is $25 per hour.Jill's hourly wage is $50 and the marginal value of her timein the household is $20 per hour. Who will specialize in thehousehold and who will specialize in the labor market?

Reference no: EM13246400

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Who will specialize in the labor market and household : Jack's hourly wage is $60 and themarginal value of his time in the household is $25 per hour.Jill's hourly wage is $50 and the marginal value of her timein the household is $20 per hour. Who will specialize in the household and who will specialize..

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