Rosario has to finish her dissertation within 100 days, that is, at time t = 1, t = 2, t sertation, and on the day Rosario does so, she incurs an instantaneous disutility cost equivalent to $10. Rosario is a hyperbolic discounter with B = 0.85 and 8 = 1. 3, ..., or t = 100. It takes one day to finish the dis- (a) Suppose the university has a system in which it charges Rosario $1 in fees for every day she does not finish her dissertation. When does Rosario finish if she is naive? How much does she pay in penalties?

Rosario has to finish her dissertation within 100 days, that is, at time t = 1, t = 2, t sertation, and on the day Rosario does so, she incurs an instantaneous disutility cost equivalent to $10. Rosario is a hyperbolic discounter with B = 0.85 and 8 = 1. 3, ..., or t = 100. It takes one day to finish the dis- (a) Suppose the university has a system in which it charges Rosario $1 in fees for every day she does not finish her dissertation. When does Rosario finish if she is naive? How much does she pay in penalties?

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter5: Investment Decisions: Look Ahead And Reason Back

Section: Chapter Questions

Problem 5.4IP

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Give me proper answer with full explanation otherwise i give down vote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
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Please give me correct answer and full explanatio otherwise i give multiple downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
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