In the text, is ________ and
Is ________.
A) the discounted marginal utility of today's consumption; the marginal utility of future consumption
B) today's total welfare; the future's total welfare
C) total utility of today's consumption; the discounted total utility of today's consumption
D) the marginal utility of today's consumption; the discounted marginal utility of future consumption
E) the marginal utility of today's consumption; the marginal utility of future consumption

Question

In the text,  is ________ and 
Is ________.
A) the discounted marginal utility of today's consumption; the marginal utility of future consumption 
B) today's total welfare; the future's total welfare 
C) total utility of today's consumption; the discounted total utility of today's consumption 
D) the marginal utility of today's consumption; the discounted marginal utility of future consumption 
E) the marginal utility of today's consumption; the marginal utility of future consumption

Quizplus · Accepted Answer

The text uses "discounted marginal utility" and "marginal utility" to refer to different time periods - "today's consumption" and "future consumption" respectively. Therefore, option D, which suggests "the marginal utility of today's consumption" and "the discounted marginal utility of future consumption," is the best choice.

In the Text, Is ________ and