Question
For example, if the utility function is u=ln(c0)+0.8ln(c1) period 0 income is 102 (y0) and period 1 income is 132 (y1). t=22 for both periods.
For example, if the utility function is u=ln(c0)+0.8ln(c1)
period 0 income is 102 (y0) and period 1 income is 132 (y1). t=22 for both periods.
What would be the effect of tax timing change if period 0 tax decrease to t0=12 and period 1 tax increased ro t1=33
How would that affect one's wealth and optimal bundle (c0, c1, s0)?
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Dynamic Business Law The Essentials
Authors: Nancy Kubasek
1st Edition
0073377686, 9780073377681
