MrOBKandle, Has a Utility Function C₁c₂, Where C₁ Is

question 16

Multiple Choice

Mr.O.B.Kandle, has a utility function c₁c₂, where c₁ is his consumption in period 1 and c₂ is his consumption in period 2.He has no income in period 2.If he had an income of $60,000 in period 1 and the interest rate increased from 10 to 17%,

• A)his savings would increase by 7% and his consumption in period 2 would also increase.
• B)his savings would not change but his consumption in period 2 would increase by 2,100.
• C)his consumption in both periods would increase.
• D)his consumption in both periods would decrease.
• E)his consumption in period 1 would decrease by 17% and his consumption in period 2 would also decrease.

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Definitions:

Discrete I/O Modules

Electronic devices used in automation systems to process binary signals from sensors (inputs) and to control actuators (outputs).

Analog Inputs

Inputs to a system that can represent a continuous range of values, unlike digital inputs which represent only distinct on or off states.

Leakage Current

The unwanted flow of electrical current through an unintended path, typically small in magnitude.