maximizationcons

Maximizationcons - c1 c2 W r U 1.1 2.09 3 0.5 10.00 10.00 4.73 g= c2/c1-1 90.00 Consumption Choices 3 2.5 2 C2 1.5 Row 2 Row 7 2.09 1 0.5 0 0 0.5 1

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
c1 1.1 c2 2.09 g= 90.00% W 3 c2/c1-1 γ 0.5 δ 10.00% r 10.00% U 4.73
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
0 0.5 1 1.5 2 2.5 3 0 0.5 1 1.5 2 2.5 3 21 Consumption Choices Row 2 Row 7 2.09 C1 C2
Background image of page 2
0.6 0.7 0.8 0.9 3.05 2.82 2.61 2.42 γ 0.5 1/(1+δ29 0.91 U 4.73 X1 1.1 0.99 0.88 X2 2.09 2.21 2.33 slope 1.9 C1 1.1 C2 2.09 PDVof Consumption Point 3.00 C1/PDV 0.37
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 2.25 2.09 1.94 1.81 1.68 1.57 1.46 1.36 1.26 1.17 0.77 0.66 0.55 0.44 0.33 0.22 0.11 0 1.29 1.48 2.45 2.57 2.7 2.82 2.94 3.06
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/02/2010 for the course ECON 57 taught by Professor Woglom during the Spring '08 term at UMass (Amherst).

Page1 / 6

Maximizationcons - c1 c2 W r U 1.1 2.09 3 0.5 10.00 10.00 4.73 g= c2/c1-1 90.00 Consumption Choices 3 2.5 2 C2 1.5 Row 2 Row 7 2.09 1 0.5 0 0 0.5 1

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online