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Thats the enmtire problem there is nothing else on the book Exercise 8.19 This exercise refers to the utility streams in Table 8.2. For each
Thats the enmtire problem there is nothing else on the book
Exercise 8.19 This exercise refers to the utility streams in Table 8.2. For each
of the following people, compute Delta.
Table 8.2 Simple time-discounting problem t = 0, t = 1, t = 2 a 1 b 3 c 4 d 1 3 4
(a) At t = 0, Ahmed is indifferent between utility streams a and b.
(b) At t = 0, Bella is indifferent between utility streams b and c.
(c) At t = 0, Cathy is indifferent between utility streams a and c.
(d) At t = 1, Darrence is indifferent between utility streams b and c.
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