This exercise refers to the utility streams in Table 8.2. For each of the following people, compute
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This exercise refers to the utility streams in Table 8.2. For each of the following people, compute d.
(a) At t 5 0, Ahmed is indifferent between utility streams a and b.
(b) At t 5 0, Bella is indifferent between utility streams b and c.
(c) At t 5 0, Cathy is indifferent between utility streams a and c.
(d) At t 5 1, Darrence is indifferent between utility streams b and c.
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