Тестовый вопрос
Mark's utility function is: ,
where p is present consumption and f is future consumption.
His best feasible choice is to consume $100 now and $100 in the future.
Define the interest rate Mark faces.
Mark's utility function is: ,
where p is present consumption and f is future consumption.
His best feasible choice is to consume $100 now and $100 in the future.
Define the interest rate Mark faces.