6. Which of the following would make the slope of the indifference curve between current consumption and future consumption steeper? (a) A change to prefer more future consumption at the expense of current consumption, so MU_cons decreases and MU_future_cons increases (b) An in increase in the interest rate (c) A change to more highly prefer current consumption, leading to an increase in MU_cons and a decrease in MU_future_cons (d) A decrease in the interest rate

6. Which of the following would make the slope of the indifference curve between current consumption and future consumption steeper? (a) A change to prefer more future consumption at the expense of current consumption, so MU_cons decreases and MU_future_cons increases (b) An in increase in the interest rate (c) A change to more highly prefer current consumption, leading to an increase in MU_cons and a decrease in MU_future_cons (d) A decrease in the interest rate

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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