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and
explain
the
5
reasons
why
people
get
married,
according
to
economists.
• Define
economies
of
scale
and
how
it
applies
to
marriage
• Define
household
public
goods
and
how
they
apply
to
marriage
• Define
the
free
rider
problem
and
explain
how
marriage
could
potentially
solve
it.
• What
happens
to
divorce
rates
during
economic
recessions?
• Where
do
the
largest
gains
from
marriage
come
from?
• Be
able
to
calculate
opportunity
cost
given
a
table
• Be
able
to
identify
and
define
absolute
advantage
• Be
able
to
identify
and
define
comparative
advantage
• Be
able
to
calculate
the
total
amount
of
home
goods
produced
and
market
goods
purchased
given
a
table.
Similarly,
be
able
to
calculate
the
total
amount
given
specialization.
• Define
production
possibilities
frontier
• Be
able
to
draw
a
PPF
given
endpoints-‐-‐in
other
words,
be
able
to
draw
the
PPF
given
only
the
following
information:
Jamal
has
eight
hours
in
a
day,
he
can
earn
$10
an
hour
and
jeans
cost
$20
and
meals
take
an
hour
to
cook.
Put
jeans
on
the
vertical
axis
and
draw
Jamal's
PPF.
• When
looking
at
a
PPF
be
able
to
identify
which
points
are
efficient,
inefficient,
and
unattainable
• Given
to
people’s
PPFs,
be
able
to
draw
their
joint
PPF
of
combined
output,
and
assuming
they
share
the
fruit
of
their
labor
equally,
their
joint
PPF
divided
by
two
• Be
able
to
identify
the
region
that
represents
the
gains
to
marriage
using
the
joint
PPF
divided
by
two
• Be
able
to
explain
why
there
has
been
an
increase
in
the
age
at
first
marriage
(women
get
married
later)
and
a
rise
in
divorce
using
this
PPF
framework
• As
the
differences
between
the
sexes
decrease,
what
happens
to
the
gains
from
marriage
and
why
|
|
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