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Answer to Question #67124 in Microeconomics for rhythm
Question #67124
if an individual earns $ 50 for 40 years and hopes to live for 10 years in retirement what is this person's consumption each year .(assuming zero interest rate)
Expert's answer
If an individual earns $ 50 per year for 40 years and hopes to live for 10 years in retirement, then assuming zero interest rate this person's consumption each year is C = 40*$50/10 = $200.
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