Patience has a utility function U(c₁, c₂) , where c₁ is her consumption in period 1 and c₂ is her consumption in period 2. Her income in period 1 is 5 times as large as her income in period 2. At what interest rate will she choose to consume the same amount in period 1 as in period 2? A) 0.75 B) 0 C) 0.08 D) 0.15 E) 0.23

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The Answer of Patience has a utility function U(c₁, c₂) , where c₁ is her consumption in period 1 and c₂ is her consumption in period 2. Her income in period 1 is 5 times as large as her income in period 2. At what interest rate will she choose to consume the same amount in period 1 as in period 2? A) 0.75 B) 0 C) 0.08 D) 0.15 E) 0.23

Patience Has a Utility Function U(c1, C2) , Where

Patience Has a Utility Function U(c₁, C₂) , Where