-Refer to Figure 18.7 .The intercept point N is actually found by I₁ + I₀(1 + r).The intercept point M is calculated by I₀ + I₁/(1 + r).Show that the slope of the budget constraint is indeed
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Question

-Refer to Figure 18.7 .The intercept point N is actually found by I₁ + I₀(1 + r).The intercept point M is calculated by I₀ + I₁/(1 + r).Show that the slope of the budget constraint is indeed .

Quizplus · Accepted Answer

The Answer of -Refer to Figure 18.7 .The intercept point N is actually found by I₁ + I₀(1 + r).The intercept point M is calculated by I₀ + I₁/(1 + r).Show that the slope of the budget constraint is indeed .