Suppose $\bar { X } = \$ 75,000 , \beta = 1$

Multiple Choice

Suppose $\bar { X } = \$ 75,000 , \beta = 1$ , and $R = 0.05$ ) Assuming logarithmic utility, what is consumption today?

A) $75,000
B) $35,714.29
C) $39,375
D) $37,500
E) Not enough information is given.