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A college student has a utility function given by U = In(c1) + Bin(c2) where c1 and c2 are her consumption during college and
A college student has a utility function given by U = In(c1) + Bin(c2) where c1 and c2 are her consumption during college and after graduation, and is her discount factor (0
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a We can write the budget constraint as c 1 1 1 r c 2 I This budget constraint can be represented gr...
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
