Consider two individuals,Kevin and Harris,who discount delayed utilities with a weight of $ \frac{1}{2} $ and $ \frac{3}{4} $,respectively.
a)Of the two individuals,who gives more weight to things that happen in the future?
b)If consuming ice cream gives both Kevin and Harris benefits worth 8 utils instantly and it has delayed costs of 15 utils,then comment on whether both individuals will want to consume ice cream.
c)If the nearby ice cream parlor is closed for a week,will Kevin and Harris prefer to eat ice cream after a week,given that they have to decide today?

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The Answer of Consider two individuals,Kevin and Harris,who discount delayed utilities with a weight of $ \frac{1}{2} $ and $ \frac{3}{4} $,respectively.
a)Of the two individuals,who gives more weight to things that happen in the future?
b)If consuming ice cream gives both Kevin and Harris benefits worth 8 utils instantly and it has delayed costs of 15 utils,then comment on whether both individuals will want to consume ice cream.
c)If the nearby ice cream parlor is closed for a week,will Kevin and Harris prefer to eat ice cream after a week,given that they have to decide today?

Consider Two Individuals,Kevin and Harris,who Discount Delayed Utilities with a Weight