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An agent lives for 2 periods and gains utility only from consumption. The agent discounts future consumption at rate θ where 0<θ<1. The agent consumes c and saves s at interest rate r in the first period of life from income y. In the second period, the agent consumes from savings plus interest earned but must pay a fixed flat tax. The agent described is now embedded in an Overlapping Generations model. Solve and describe the representative agent's problem if the agent's utility is in log form.

answered Dec 11, 2024

1 answer 227k views

Which best describes common law? a) It is the prevalent form of law in the world. b) It evolves over time through judicial decisions. c) It is drawn from religious sources. d) It applies to all global

asked Nov 25, 2024

1 answer 227k views

Penile condylomata are most successfully removed by? 1) Surgical excision 2) Cryotherapy 3) Laser therapy 4) Topical medications

asked Nov 17, 2024

1 answer 167k views

What is the English translation of the French phrase 'Les femmes aux chapeaux roses'? A) The women with red shoes B) The women with blue dresses C) The women with green hats D) The women with pink hats

answered Oct 30, 2024

1 answer 152k views

how many sheets of 8.5 * 11 digital cover stock will it take to print 5000 postcards that are 4 1/4 * 5 1/2

asked Sep 5, 2024

1 answer 43.4k views

What IV anesthetic is used for induction and maintenance anesthesia?

asked Aug 25, 2024

1 answer 6.0k views

(number of packs smoked per day) x (number of years patient smoked) = ?

asked Jul 11, 2024

1 answer 77.8k views

Excess thyroid hormone increases metabolism. What does increased metabolism mean and what is the relationship to cellular respiration? What does the body do with energy it can't use? a) Decreases energy

answered Jun 18, 2024

1 answer 71.6k views

Triangle ABC undergoes a series of transformations to make triangle A'B'C'. Which statements are true? A.A rotation of triangle ABC by 60°, followed by a reflection over the line x = 3, will result in

answered Jun 3, 2024

1 answer 198k views

What are the factors that project managers need to consider during the execution of a project? (check all that apply.) O If their customers are happy. O If the project leaders are still committed. O If

asked Apr 26, 2024

1 answer 86.9k views

How did the European governments treat black Africans in Kenya and Rhodesia? Why did the governments act this way?

asked Apr 18, 2024

1 answer 141k views

If a train is to be moved to a more convenient place following a spad what type of move is this and what would your actions be?

answered Jan 17, 2024

1 answer 230k views

What did the Persians consider to be "demonic"?

asked Nov 13, 2023

1 answer 196k views

Who was the founder of Gupta dynasty? Name the World’s first residential University.

answered May 11, 2023

1 answer 221k views

Using the image above, which of the following are opposite rays?A QP and PLB PL and PQC LP and QPD LQ and PQ

asked May 6, 2023

1 answer 81.7k views

Why do alarge number of people live in the Northern Plains?

answered May 1, 2023

1 answer 223k views

A stock rises in value from $20 to $40. Then it decreases in value from $40 to $20. Is the percentage increase from $20 to $40 the same as the percentage decrease from $40 to $20? Explain.

asked Apr 26, 2023

1 answer 48.2k views

What is the range of the function y = 2sin x? A. (Pi) B. [-2,2] C. All real numbers D. 2(pi)

answered Apr 3, 2023

2 answers 73.1k views

8 1/2 - 4 2/3?????????

answered Feb 1, 2023

1 answer 166k views

What is the slope of the line that passes through the points (2, -6) and (6, -12)? Write your answer in simplest form.

asked Jan 23, 2023

1 answer 217k views

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