Reference no: EM133132512
1. You have an avocado tree, which grows 100 avocados this year, 50 next year. Your neighbor has an avocado tree, which grows 0 avocados this year, 150 next year. Under agreement "1 today = 2 tomo". Let s be the number of avocados you save. Solve for your optimal saving: s=?
2. You have an avocado tree, which grows 100 avocados this year, 50 next year. Your neighbor has an avocado tree, which grows 0 avocados this year, 150 next year. Under agreement "1 today = 2 tomo".
Let s be the number of avocados you save. Under the optimal saving s you solved in the previous question.
Your consumption this year=? (i.e. how many avocados would you consume this year)
3. You have an avocado tree, which grows 100 avocados this year, 50 next year. Your neighbor has an avocado tree, which grows 0 avocados this year, 150 next year. Under agreement "1 today = 2 tomo". Let s be the number of avocados you save. Under the optimal saving s you solved in the previous question. Your consumption next year=? (i.e. how many avocados would you consume next year)
4. You have an avocado tree, which grows 100 avocados this year, 50 next year. Your neighbor has an avocado tree, which grows 0 avocados this year, 150 next year. Under agreement "1 today = 1 tomo". Let s be the number of avocados you save. Solve for your optimal saving: s=?
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