Suppose $\bar { X } = \$ 75,000 , \beta = 1$

question 62

Multiple Choice

Suppose $\bar { X } = \$ 75,000 , \beta = 1$ , and $R = 0.05$
) Assuming logarithmic utility, what is consumption in the future?

• A) $75,000
• B) $35,714.29
• C) $39,375
• D) $37,500
• E) Not enough information is given.

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