Question: Unless we are explicitly told otherwise, what do we always assume about the timing of cash flows in present and future value problems? Define and

Unless we are explicitly told otherwise, what do we always assume about the timing of cash flows in present and future value problems? Define and demonstrate

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=+ a. A change in consumer preferences increases the saving rate.

=+ c. Better birth-control methods reduce the rate of population growth.

=+ d. A one-time, permanent improvement in technology increases the amount of output that can be produced from any given amount of capital and labor.