EBK INTERMEDIATE MICROECONOMICS AND ITS
EBK INTERMEDIATE MICROECONOMICS AND ITS
12th Edition
ISBN: 9781305176386
Author: Snyder
Publisher: YUZU
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Chapter 14, Problem 14.2P

a

To determine

To plot:Graphical representation of indifference curve map.

b)

To determine

To show: When rate of interest (r) exceeds the discount rate (δ) , then the consumer will spend nothing today i.e. C0=0 .

c)

To determine

To show: When r<δ , then C1=0 .

d)

To determine

To ascertain: The relation between saving behavior and impatience.

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