Тестовое задание
Mark's utility function is: U = p^{0.6} \cdot f^{0.4},
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: U = p^{0.6} \cdot f^{0.4},
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.