Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
AndrewKraus AndrewKraus
wrote...
Go to Answer
Posts: 1170
Rep: 0 0
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.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 60 times
2 Replies
Replies
Answer verified by a subject expert
losteinlostein
wrote...
#1
Top Poster
Posts: 583
Rep: 31 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 150 words.
1
Only I can change my life. No one can do it for me.

Related Topics

AndrewKraus Author
wrote...
#2
7 years ago
I'll share this with my friends, thank you for being there
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1421 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 249
  
 369
  
 974
Your Opinion
Do you believe in global warming?
Votes: 488
Previous poll results: Who's your favorite biologist?