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Assume you are stuck on an island and will be rescued in 2 time periods. the 1st being now and the second in a month.
Assume you are stuck on an island and will be rescued in 2 time periods. the 1st being now and the second in a month. Your interest rate is 54% per month. Marginal utility = 0 in both periods when he consumes 10 coconuts. you have 22 coconuts in total. how many coconuts will you consumer each time period? explain by graphing total and marginal utility
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