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Someone is conducting a lab experiment to calculate and . John is a subject in the experiment. He is indifferent between: i) $.80 a year
Someone is conducting a lab experiment to calculate and . John is a subject in the experiment. He is indifferent between: i) $.80 a year from now and $1.00 a year and one month from now, and ii) he is indifferent between: i) $.40 now and $1.00 one month from now. These are his switch points. Calculate his and . Show your work.
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