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A household has a wealth endowment of $5 and can use this to either consume (C) or save (S).Consumption of C yields a consumption benefit
A household has a wealth endowment of $5 and can use this to either consume (C) or save (S).Consumption of C yields a consumption benefit to the household of $3.9C0.5.If the current interest rate in the market is 33%, then to maximize the total payoff from C and S, it is optimal for the household to choose(PREVIOUS QUESTION)
Using the revenue function and consumption function given in the previous questions, at an interest rate of 36%, in the market we have a case of
Group of answer choices
market equilibrium
excess demand
excess supply
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