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AndrewKraus AndrewKraus
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7 years ago
Consider two individuals, Wendy and Jenny, who discount delayed utilities with a weight of 1/4 and 7/8, respectively. Consuming one hamburger gives both Wendy and Jenny benefits worth 16 utils instantly and has delayed costs of 20 utils.
a)   If the nearby hamburger shop is closed for a week, comment on whether both individuals will consume hamburgers after a week.
b)   If a new shop is opened nearby, and hamburgers are available for consumption today, comment on whether both individuals will consume hamburgers.
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Microeconomics

Microeconomics


Edition: 1st
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losteinlostein
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AndrewKraus Author
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#2
7 years ago
I'll share this with my friends, thank you for being there
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