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Neko [114]
3 years ago
14

Harold would be equally happy with receiving $95 today or $100 one year from today. Harold's friend Maud would bejust as happy r

eceiving $90 today or $100 one year from today. Based on this information, which of the following best describes the difference between Harold and Maud?a. Harold has a higher rate of time preference than Maud.b. Maud has a higher rate of time preference than Harold.c. Maud is poorer than Harold.d. Harold is older than Maud
Business
2 answers:
kap26 [50]3 years ago
7 0

Answer:

Maud has a higher rate of time preference than Harold

Explanation:

People with a higher rate of time preference are focused more on their present and the immediate future comfort  than other people.

When rate of time preference is higher the person is willing to give more on what they received in order to receive the benefit before.

FinnZ [79.3K]3 years ago
4 0

Answer:

.b. Maud has a higher rate of time preference than Harold

Explanation:

HAROLD MAUD

i=C*i*t i=C*i*t

5=95*I*1 5=90*I*1

I=5/95 I=10/90

 

5,26% 11,11%

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The production possibilities curve serves as graph that display the relationship between the resources and the output that can be produced.

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2 years ago
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Answer:

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3 years ago
At Davide Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. O
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Answer and Explanation:

For materials

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= 111,700 + 20,300

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4 0
3 years ago
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Answer:

The value of the intangible will remain at $350,000

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3 years ago
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kupik [55]

Answer:

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3 0
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