Explain why the marginal benefits fell and marginal costs, Managerial Economics

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Explain why the marginal benefits fell and marginal costs

Problem

According to the Becker model, parents have children until the expected present value of the marginal benefits from having children equal the expected present value of marginal costs. Write a short essay in which you explain why these marginal benefits fell and the marginal costs rose during the British industrial revolution.

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Managerial Economics: Explain why the marginal benefits fell and marginal costs

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Managerial Economics: Explain why the marginal benefits fell and marginal costs

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