Eswaran states that “..the theory of fertility choice predicts that increases in income will increase fertility and that increases in the cost of children will decrease utility.” Using no more than a
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Eswaran states that “..the theory of fertility choice predicts that increases in income will increase fertility and that increases in the cost of children will decrease utility.” Using no more than a page, describe how you would explain this to someone who had never taken an economics course?
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