Multiple Choice
The optimal consumption bundle is where
A) c = s.
B) c = y - t - s.
C) the marginal rate of substitution in the current period equals the marginal rate of substitution in the future period.
D) budget constraint.
E) MRS = 1 = r.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q49: If we represents a two-period consumer's lifetime
Q50: The substitution effect of a change in
Q51: The Ricardian Equivalence Theorem implies that a
Q52: For the consumer to be at
Q53: A one-unit decrease in current income, and
Q55: If we represents a two-period consumer's
Q56: The endowment point is the consumption bundle
Q57: In the case where current and future
Q58: For all bonds to be indistinguishable,<br>A) all
Q59: A permanent decrease in taxes leads to<br>A)