Train 1: Saving for the future. Contemplate the scenario of an individual with present earnings of $three,000 and future earnings of $1,000. The rate of interest is 10%. Preferences are given by U (ct,ct+1) = log (ct) + zero.8·log (ct+1).(a) Write down the maximization problem for this individual.(b) Remedy the maximization problem and nd present consumption, future consumption and financial savings (or belongings).(c) What could be the consumption and financial savings resolution if present earnings was $1,000 and future earnings $three,000?(d) How would your response to components (b) and (c) change if the rate of interest have been 20%?
NRS-427V-RS Community Teaching Work Plan Proposal
NRS-427V-RS Community Teaching Work Plan Proposal Community Teaching Work Plan Proposal Directions: Develop an educational series proposal for your community using one of the following four topics: 1) Bioterrorism/Disaster 2) Environmental Issues 3) Primary Prevention/Health Promotion 4) Secondary Prevention/Screenings for a Vulnerable Population Planning Before Teaching: Name and Credentials of Teacher: Estimated Time Teaching Will […]
