Question

If Maryanne completely smooths consumption over her lifetime, for every $1,000 increase in disposable income, she will use ________ for consumption each year. A) $100

B) $333
C) $667
D) $750

Answer 1

Answer:D $750

Step-by-step explanation:

This is a way an individual optimise his consumption and his savings habit for their future.

It has to do with the future of any individual and plans are made for the future.

An individual can plan to spend more now and save a little or spend a little now and safe for the future.