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Consider the following two-period model U(C, C') = min{C, 0.8C'} r = 0.05 Y = 50 T = 20 Y' = 200 T' = 50
Consider the following two-period model U(C, C') = min{C, 0.8C'}
r = 0.05
Y = 50
T = 20
Y' = 200
T' = 50
Ques: Find the optimal C, C', and S?
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Fundamentals of Database Systems
Authors: Ramez Elmasri, Shamkant Navathe
6th edition
136086209, 978-0136086208
