118k views
3 votes
The monetary value of a homemaker's time CANNOT be estimated by

A. comparing the value of the services to the spouse's wage rate.
B. measuring the marginal value of the services by the homemaker's wage rate received in a part-time job.
C. measuring the services in terms of current market prices.
D. measuring the value of the services by looking at the homemaker's opportunity costs.

1 Answer

4 votes

Answer: measuring the services in terms of current market prices

Step-by-step explanation:

Based on the information that has been provided in the question, it should be noted that the monetary value of a homemaker's time can be estimated by

comparing the value of the services to the spouse's wage rate, measuring the marginal value of the services by the homemaker's wage rate received in a part-time job and also measuring the value of the services by looking at the homemaker's opportunity costs.

Therefore, the option that measuring the services in terms of current market prices is not estimated.

User Sahil Gupta
by
5.0k points