=+a. Putting the present discounted value of lifetime consumption x on the horizontal axis and utility on
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=+a. Putting the present discounted value of lifetime consumption x on the horizontal axis and utility on the vertical, illustrate the consumption/utility relationship assuming that she is risk averse. Indicate the expected utility of consumption if she chooses to have sex.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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