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3. Budget Constraints and Constrained Choice
49:05
YouTubeMIT OpenCourseWare
3. Budget Constraints and Constrained Choice
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber * View newer version of the course: https://ocw.mit.edu/14-01F23 * YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture continues the discussion about consumer choice and what happens when budget constraints are ...
460.2K viewsJul 16, 2020
Intertemporal Budget Constraint Explained
Consider the intertemporal budget constraint in equation (18.5)... | Filo
Consider the intertemporal budget constraint in equation (18.5)... | Filo
askfilo.com
5.4K views9 months ago
As the interest rate rises, does the intertemporal budget constraint become steeper or flatter?
As the interest rate rises, does the intertemporal budget constraint become steeper or flatter?
numerade.com
Mar 9, 2023
Canada budget 2025: Economist says Carney government didn't do enough to stimulate private sector
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Canada budget 2025: Economist says Carney government didn't do enough to stimulate private sector
YouTubeGlobal News
49.8K views1 month ago
Top videos
Lec 3: Budget Constraints and Constrained Choice
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Intertemporal budget constraint Intertemporal Consumption and Saving
What determines the slope of the consumption choice budget cons... | Filo
What determines the slope of the consumption choice budget cons... | Filo
askfilo.com
5 months ago
SOLVED: Consider a two-period consumption-saving model. The consumer's preferences are represented by the utility function U(c,c')=c+b√c where the discount factor b = 0.5. You need to use this expression for the utility function in answering all subquestions of this question. The consumer receives exogenous income in the current and in the future periods, y = 180 and y' = 140, and pays lump-sum taxes t = 70 and t' = 95. As usual, c and c' denote current and future consumption. Assume that the
SOLVED: Consider a two-period consumption-saving model. The consumer's preferences are represented by the utility function U(c,c')=c+b√c where the discount factor b = 0.5. You need to use this expression for the utility function in answering all subquestions of this question. The consumer receives exogenous income in the current and in the future periods, y = 180 and y' = 140, and pays lump-sum taxes t = 70 and t' = 95. As usual, c and c' denote current and future consumption. Assume that the
numerade.com
1 month ago
Intertemporal Consumption & Choice: Definition & Analysis
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Intertemporal Consumption & Choice: Definition & Analysis
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Lec 3: Budget Constraints and Constrained Choice
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