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Jamila is operating in a perfect capital market and is trying to decide whether to sell her commodity Y now or to refine it further

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Jamila is operating in a perfect capital market and is trying to decide whether to sell her commodity Y now or to refine it further and sell it later at a higher price. Jamila's transformation curve is expressed as K1^2+K2^2=100; where K1 is the value of new commodity sold at time 1 and K2 is the value of the commodity sold at time 2. Assume that the market interest rate is 10%.Jamila's decision is * O a. selling her commodity at time 1 O b. selling her commodity at time 2 O c. More information is needed None of these

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