=+Suppose my wife was actually depressed by my presence and tolerates me solely for the paycheck I
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=+Suppose my wife was actually depressed by my presence and tolerates me solely for the paycheck I bring. Because of this depression, consumption is not very meaningful in the “good” state when I am around, but if I were not around, she would be able to travel the world and truly enjoy life. Might this cause her to purchase more than “full” life insurance on me? How would you illustrate this in a graph?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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