Context: Jay and Kay are a couple with two young children, Mae, aged 9 months and Faye, aged 2. Kay has been on maternit

[answerhappygod]

Context: Jay and Kay are a couple with
two young children, Mae, aged 9 months and Faye, aged 2. Kay has
been on maternity leave and is due to go back to work full time in
the local library. Jay is employed full time in a clay workshop.
Both parents are in their mid-thirties and live in Grays, Essex.
They are looking into arranging childcare once Kay starts work
again.
Both children could attend a local nursery full time nearby from
Monday to Friday, at a cost of £528 per week for both. Kay also
receives child benefit, equating to £1,827.80 per year.
2.2 Kay earns a gross annual income of
£20,400 per year, working 40 hours per week. Her employer
introduces changes to working practices that will also allow her to
reduce her hours and her pay by up to 50%. The household is
discussing the short-term opportunity costs of Kay taking the
part-time (50%) working option, rather than Jay.
With respect to gross earnings only, briefly explain the
short-term opportunity cost of Kay going part-time as opposed to
Jay. (2 marks)