Clifford lives by the motto Eat, drink, and be merry today, for tomorrow doesn't matter.
If today's consumption is represented by x and tomorrow's consumption is represented by y, then which of the following best represents Clifford's utility function? A) U = x - y
B) U = x/y
C) U = x
D) U = y
Question 2
A major corporation hires high school students on a part-time basis. It offers a reward of 5,000 to any of its high school seniors who graduate college in four years.
What is the present value of that reward to a student who just finished her junior year of high school, assuming a nominal rate of interest of 8?
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I NEED IT FOR TODAY PLEASE 14 QUESTIONS
"The Department of Agriculture came out today with its prediction for food price