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Joe would he equally happy recieving $ 9 5 today or $ 1 0 0 one year from today. Joe's friend mary would be happy
Joe would he equally happy recieving $ today or $ one year from today. Joe's friend mary would be happy recieving $ today or $ one year from today. Based on this info, which best decribes the difference between joe and mary?
A Joe has a higher rate of time preference than mary
B Mary has a higher rate of time preference than joe.
C Mary is poorer than joe
D Joe is older than mary.
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