In the text,
Is ___________ and
Is __________.
A)the discounted marginal utility of today's consumption;the marginal utility of future consumption
B)today's total welfare;the future's total welfare
C)total utility of today's consumption;the discounted total utility of today's consumption
D)the marginal utility of today's consumption;the discounted marginal utility of future consumption
E)the marginal utility of today's consumption;the marginal utility of future consumption

Question

In the text, 
Is ___________ and 
Is __________.
A)the discounted marginal utility of today's consumption;the marginal utility of future consumption 
B)today's total welfare;the future's total welfare 
C)total utility of today's consumption;the discounted total utility of today's consumption 
D)the marginal utility of today's consumption;the discounted marginal utility of future consumption 
E)the marginal utility of today's consumption;the marginal utility of future consumption

Quizplus · Accepted Answer

The first text 11ea895d_4da1_bb56_8397_0b7f0e33426d_TB4305_11 refers to the marginal utility of today's consumption that is discounted, which means that future consumption is valued less than current consumption. The second text 11ea895d_4da1_e267_8397_ef3a517e5306_TB4305_11 refers to the marginal utility of future consumption, which is not discounted. Therefore, D - the marginal utility of today's consumption; the discounted marginal utility of future consumption is the correct choice.

In the Text