Question
if > 1 in your lifetime utility function, then a. your utility function displays increasing marginal returns b. you are risk averse c. you prefer
if > 1 in your lifetime utility function, then
a. your utility function displays increasing marginal returns
b. you are risk averse
c. you prefer utilities received today relative to the future
d. you prefer utilities received in the future relative to today
e. not enough information given
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The Great Convergence Information Technology And The New Globalization
Authors: Richard Baldwin
1st Edition
067466048X, 9780674660489
