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THE ANSWER IS NOT 1;4 OR 5;2! I keep posting thus question and not getting a direct or right answer. can someone please tell me
THE ANSWER IS NOT 1;4 OR 5;2! I keep posting thus question and not getting a direct or right answer. can someone please tell me if it is 4;3 or 3;1? thank you
Villagers each have $1,200 to invest in either cattle or a government bond. They will sell either at the end of the year. The bond earns 5% interest and the cattle price depends on the number of animals sold. Using the table below, the individual optimum choosing cattle is and the social optimum is 4:3 1;4 3:1 5;2 Step by Step Solution
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