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Ao9 Ao9
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8 years ago
We assume that the representative consumer's preferences exhibit the properties that
A) each consumer has one strictly favorite period of time for consumption and that current and future consumption are both normal goods.
B) current and future consumption are both normal goods and that the consumer likes diversity in his or her consumption bundle.
C) more is always preferred to less and that each consumer has one strictly favorite period of time for consumption.
D) they are convex and that more is always preferred to less.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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8 years ago
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Ao9 Author
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#2
8 years ago
Solved!!
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#3
8 years ago
You're welcome Wink Face Message me if you need any more assistance with your other questions.
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