What\'s the intratemporal conditions, intertemporal condition? What\'s the worki

Question

What's the intratemporal conditions, intertemporal condition? What's the working process of part b,e ??

Consider a two period economy,t 0,1, with a credit good 2 and a cash good c The flow utility is 1 .2 where h (l) is differentiable, strictly increasing and strictly convex. Let B 0. The government needs gi > 0 amounts of goods in each period. It can raise revenue through three government instruments: lump-sum tax T, government bonds B and money M. Let (Pt, wr) denote the nominal price level and nominal wage for period t and i1 denote the nominal interest rate. The initial level of nominal assets (Bo, Mo) is given. Please answer the following questions. a. Define the competitive equilibrium of this economy. (You need to write out the consumer's problem.) b. Write down the intratemporal conditions and intertemporal conditions. (There are two intratemporal conditions.)

Explanation / Answer

Under cost benefit analysis, its an ssumption that a monetary value for almost anything can be calculated.

Hence when mourning oover a death, taking a nip on cost benefit analysis is like asking how much monetary or some numeric amount of happiness you have lost for such death? or how much monetary amount would make you to generate the happiness, for getting the money, that would either outweigh or equate the saddness arising out of a death.

Hence, price tagging a deahth is clearly and obviously morally offensive.

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