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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
Business
high-school
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
Law
college
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
Biology
high-school
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
Social Studies
high-school
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
Mathematics
high-school
1
answer
43.4k
views
What IV anesthetic is used for induction and maintenance anesthesia?
asked
Aug 25, 2024
Health
high-school
1
answer
6.0k
views
Which of the following is true for expression DNA plasmids, but false for cloning DNA plasmids? 1. They are used to make proteins using a cloned gene. 2. They contain a promotor. 3. They are the first
asked
Jul 17, 2024
Biology
high-school
1
answer
51.1k
views
(number of packs smoked per day) x (number of years patient smoked) = ?
asked
Jul 11, 2024
Medicine
college
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
Biology
high-school
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
Mathematics
high-school
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
Business
high-school
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
Social Studies
high-school
1
answer
141k
views
. which of the following anatomical structures is not part of the conducting zone? a. pharynx b. nasal cavity c. alveoli d. bronchi
asked
Apr 16, 2024
Biology
high-school
1
answer
149k
views
Documentary: a- attention to personnel files b. financial records c. medical charts d. regulatory requirements and written policy & procedure.
answered
Feb 27, 2024
Social Studies
high-school
1
answer
203k
views
T/F: The French Revolution fostered the rise of a middle-class society.
asked
Feb 19, 2024
Arts
high-school
2
answers
11.1k
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
Physics
high-school
1
answer
230k
views
What did the Persians consider to be "demonic"?
asked
Nov 13, 2023
History
high-school
1
answer
196k
views
Who was the founder of Gupta dynasty? Name the World’s first residential University.
answered
May 11, 2023
Social Studies
college
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
Mathematics
college
1
answer
81.7k
views
Why do alarge number of people live in the Northern Plains?
answered
May 1, 2023
Social Studies
college
1
answer
223k
views
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