If moving an extra unit of future consumption to today's consumption improves your lifetime utility, you are not:
A) saving enough.
B) spending all your future income.
C) maximizing your lifetime utility.
D) earning income today.
E) discounting the future.

Question

Quizplus · Accepted Answer

Maximizing lifetime utility means balancing current consumption with future consumption. If moving an extra unit of future consumption to today's consumption improves one's lifetime utility, then they are not properly balancing their consumption and may not be maximizing their lifetime utility.

If Moving an Extra Unit of Future Consumption to Today's