(Answered) A consumer who can borrow and lend at a constant interest

Engineering

A consumer who can borrow and lend at a constant interest rate always prefers a choice of consumption bundles with a higher present value to one with a lower present value. True or False. Explain why

Assuming fixed input prices, an increase in the price of the output will result in an increase in the profits of the firm. True or False. Explain why

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