Question: Suppose that an individual obtains the same utility from a given level of consumption regardless of whether it is consumed now or next period. Suppose

Suppose that an individual obtains the same utility from a given level of consumption regardless of whether it is consumed now or next period. Suppose also that the marginal utility of consumption is diminishing. Why would you expect this person to be "impatient," that is, always choosing C0 to be greater than C1?

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