Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 29 Sep 2017 My Price 5.00

consumer’s budget constraint

A consumer has initial real wealth of 20, current real income of 90, and future real income of 110. The real interest rate is 10% per period.

 

a. Find the consumer’s PVLR.

 

b. Write the equation for the consumer’s budget constraint (using the given numerical values) and graph the budget line. Suppose that the consumer’s goal is to smooth consumption completely. That is, he wants to have the same level of consumption in both the current and the future period.

 

c. How much will he save and consume in the current period?

 

d. How will his current saving and consumption be affected by an increase of 11 in current income?

 

e. How will his current saving and consumption be affected by an increase of 11 in future income?

f. How will his current saving and consumption be affected by an increase of 11 in his initial wealth

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Sep 2017 10:09 PM My Price 5.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)