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25 July, 05:50

c) Keeping all other criteria the same, add a child to the family you used in part a to determine the monthly expenses. How does an additional child impact the family budget and hourly wage? Which category was least affected by this change? Explain why you think there was little impact to this category.

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  1. 25 July, 08:26
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    Having a child is expensive, where you need to buy them food, diapers, a chair clothes and more, they also take stance in the house and a lot of caring. But to look on the bright side, baby food isn't expensive, you may get a lot but in the end of the day it won't make a big of a difference, because the food prices aren't as big as surely food, baby food is made out of small portion of ingredients, and imagine host someone eating little more than usual, it would feel like that.
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