Solved

If You Have Maximized Your Lifetime Utility, You Get Which ctoday +cfuture =1c _ { \text {today } } + c _ { \text {future } } = 1

Question 54

Multiple Choice

If you have maximized your lifetime utility, you get which of the following?


A) ctoday +cfuture =1c _ { \text {today } } + c _ { \text {future } } = 1
B) u(ctodey ) =R(1+β) u(cfuture ) u ^ { \prime } \left( c _ { \text {todey } } \right) = R ( 1 + \beta ) u ^ { \prime } \left( c _ { \text {future } } \right)
C) u(ctodoy ) =u(cfuture ) u ^ { \prime } \left( c _ { \text {todoy } } \right) = u ^ { \prime } \left( c _ { \text {future } } \right)
D) u(ctodey ) =β(1+R) u(cfuture ) u ^ { \prime } \left( c _ { \text {todey } } \right) = \beta ( 1 + R ) u ^ { \prime } \left( c _ { \text {future } } \right)
E) u(ctoday ) =β(1+R) u(cfuture ) u \left( c _ { \text {today } } \right) = \beta ( 1 + R ) u ^ { \prime } \left( c _ { \text {future } } \right)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions