Explain why 1 plus the interest rate in the inter-temporal choice model is analogous to the relative

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Explain why 1 plus the interest rate in the inter-temporal choice model is analogous to the relative price ratio in the consumer choice model discussed in Chapter 3.

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:20 AM

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Explain why 1 plus the interest rate in the inter-temporal choice model is analogous to the relative

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The interest rate is the premium required to mov...View the full answer

Microeconomics and Behavior

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