--%>

Determine opportunity costs while marrying the one you love

Marrying the one you love involves opportunity costs, mainly since: (i) being married limits your freedom to marry someone else, and you should also consider making someone else happy while making decisions which affect both of you. (ii) two can live as inexpensively as one. (iii) having children is necessary and reduces the time you could work for pay. (iv) people who keep single their entire lives are frequently ostracized. (v) income taxes on single people are heavier than on married couples.

How can I solve my economics problem? Please suggest me the correct answer.

   Related Questions in Business Economics

  • Q : Problem related to market circular flows

    In output markets, the simple circular flow model, households replace their _________ for _________. Can someone help me in determining the right answer from the given options. (1) Resources | income. (2) Labor | g

  • Q : Describe double coincidence of wants

    Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.

  • Q : Why Trade barriers hurt American

    Why Trade barriers hurt American consumers?

  • Q : What is the basic principle of

    What is the basic principle of comparative advantage?

  • Q : Illustrate a fundamental characteristic

    Illustrate a fundamental characteristic of demand behavior?

  • Q : Innate psychological attributes of

    As illustrated by Adam Smith that there are two innate psychological attributes of humans. One is which people have a powerful wish to better their individual circumstances. The other is as human beings so we are: (1) more interested

  • Q : Importance of rationally optimal

    Economic scarcity is pervasive, that makes choices essential. Therefore, rationally optimal decisions hinge upon tradeoffs which essentially reflect: (i) cooperation to minimize human greed. (ii) opportunity costs. (iii) competitive social behavior. (

  • Q : How market system promotes

    How market system promotes technological improvements?

  • Q : Gains from Exchange- Practice and

    When a world famous concert pianist is as well the world's fastest short order cook, he would most likely gain the most financially through devoting: (i) Full time to frying burgers (ii) Full time to piano practice and concerts. (iii) Half-time cooking and half-time p

  • Q : Illustrate receipts from several

    Illustrate how receipts come from several sources in Federal Finance?