Problem1 is the result in the preceding exercise still true, Ask an Expert

Economics

Problem

1. Is the result in the preceding exercise still true if we allow the discount rate to be positive? What is the lower bound of the discount rate in this particular case?

2. Follow-up from your answer to the previous exercise: what is the upper bound of the discount rate? Briefly explain your answer.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92754691

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