Repeat Worked-Out Problem 10.4 (page 328), but assume that Angela earns $70 this year and $30 next

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Repeat Worked-Out Problem 10.4 (page 328), but assume that Angela earns $70 this year and $30 next year. MRS = F1 / F0. Suppose she earns $70 this year and $30 next year. Food costs $1 per kg in both years and the interest rate is 10 percent.

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:49 AM

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Repeat Worked-Out Problem 10.4 (page 328), but assume that Angela earns $70 this year and $30 next

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Angela consumes 4864 in food this year and 5350 in food next year She saves 2136 Angelas saving as a ...View the full answer

Microeconomics

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