subjects are offered $225 now, period 0 Or some amount Xt, period t What is Xt to persuade them to wait results were X1=$375, X2=$400 (subjects'll accept $375 instead of $225 in t=1, and receive $400 in t=2) PLS GIVE EXPLANATION Suppose subjects are actually B, ő discounters. It can be shown that 8 = .9375. What is B? B = .703 B = .5625 B = .64 OB = .8

subjects are offered $225 now, period 0 Or some amount Xt, period t What is Xt to persuade them to wait results were X1=$375, X2=$400 (subjects'll accept $375 instead of $225 in t=1, and receive $400 in t=2) PLS GIVE EXPLANATION Suppose subjects are actually B, ő discounters. It can be shown that 8 = .9375. What is B? B = .703 B = .5625 B = .64 OB = .8

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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