Graham gets 10 units of utility from consuming an apple today, but needs 3 apples tomorrow to achieve the same level of utility. What is Graham's discount factor?
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Q23: Let
Q24: The common difference effect is:
A) A preference
Q25: An individual's empirical discount factor and "true"
Q26: The finding that individuals are willing to
Q27: The model presented in 12.67 and 12.68
Q28: In the model presented in 12.67
Q29: In the model presented in 12.67
Q30: Equation 12.26 shows that
Q32: One property of exponential time discounting
Q33: The text states that equation 12.14
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