Given a choice of $1000 today and $1100 in one year, Izzy chose to take the $1000 today, while Olivia chose to take $1100 in one year from today. This implies that Izzy's implicit discount rate is ____, while for Olivia the implicit discount rate is _______:
A) More than 10%, More than 10%.
B) More than 10%; 10% or less.
C) Less than 10%; More than 10%.
D) Less than 10%; less than 10%.
Correct Answer:
Verified
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