III. Suppose Robinson Crusoe's production possibility frontier is a straight line with slope greater tan one in absolute value. A. Draw a diagram showing his dynamically efficient amounts of consumption assuming that he is not impatient. B. "Assuming that dynamic efficiency is attained, Crusoe's rate of time preference will be positive whether he is patient or impatient." Discuss. C. Use the diagram to discuss the following assertion, "If Crusoe is impatient, RTP >0 is not inconsistent with consumption being greater in year 0 than in year 1. D. Is having the same RTP whether he is patient or impatient consistent with the formula RTP =a+b(dz/dt)? Explain why or why not. III. Suppose Robinson Crusoe's production possibility frontier is a straight line with slope greater tan one in absolute value. A. Draw a diagram showing his dynamically efficient amounts of consumption assuming that he is not impatient. B. "Assuming that dynamic efficiency is attained, Crusoe's rate of time preference will be positive whether he is patient or impatient." Discuss. C. Use the diagram to discuss the following assertion, "If Crusoe is impatient, RTP >0 is not inconsistent with consumption being greater in year 0 than in year 1. D. Is having the same RTP whether he is patient or impatient consistent with the formula RTP =a+b(dz/dt)? Explain why or why not