Consider two individuals, Alex and Ben, who have the same combination of present and future consumption. On a standard intertemporal choice graph (Present Consumption on the x-axis, Future Consumption on the y-axis), Alex's indifference curve is flatter than Ben's at their current consumption point. This implies that Alex would require a larger amount of future consumption than Ben to be compensated for giving up one unit of present consumption.
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
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