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uni67 uni67
wrote...
Posts: 475
5 years ago
Figure 7.5


The consumer must decide how to split $20 between spending and saving.


Refer to Figure 7.5. If the consumer is subject to present bias, he will consume ________ now and save ________ to maximize utility.

▸ $12; $8

▸ $12; $2

▸ $18; $2

▸ $0; $20
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
Read 144 times
2 Replies

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Replies
wrote...
5 years ago
$18; $2
uni67 Author
wrote...
5 years ago
Thanks
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