When a consumer is impatient,his indifference curves for current and future consumption

Question

Quizplus · Accepted Answer

When a consumer is impatient, they value current consumption more than future consumption. As a result, their indifference curves for current and future consumption will have absolute slopes greater than 1 along the 45° line. This is because the consumer is willing to give up more future consumption for a smaller increase in current consumption.

When a Consumer Is Impatient,his Indifference Curves for Current and Future