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whipped whipped
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6 years ago
Consider two individuals, Kevin and Harris, who discount delayed utilities with a weight of 1/2 and 3/4, respectively.
a)   Who between the two individuals gives more weight to things that happen in the future?
b)   If consuming ice cream gives both Kevin and Harris benefits worth 8 utils instantly and has delayed costs of 15 utils, then comment on whether both individuals will want to consume ice cream.
c)   If the nearby ice cream parlor is closed for a week, will Kevin and Harris prefer to eat ice cream after a week, given that they have to decide today?
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Microeconomics

Microeconomics


Edition: 1st
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SudzburySudzbury
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6 years ago
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whipped Author
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6 years ago
Correct Slight Smile TY
jcarter
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Helped a lot
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2 hours ago
This helped my grade so much Perfect
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