Question
The utility maximizing bundle of current and future consumption goods occurs where the MRS for current goods with future goods is less than 1. Is
The utility maximizing bundle of current and future consumption goods occurs where the MRS for current goods with future goods is less than 1.
Is this statement true or false, and why?
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Macroeconomics
Authors: Charles I. Jones
4th Edition
393603767, 393603768, 9780393616125 , 978-0393603767
