Q1. I can't seem to figure out how to calculate. If you given the amount of money an individual will earn during their lifetime, and then you are asked to calculate their budget line for their consumption for while they are working and when they retired assuming consumption is for normal goods only, and that 100% interest is being obtained during the working life, how do you graph that without knowing more information.
Q2. Four different ferries are being considered to replace the existing ferry. The options are different ferries are being considered Present worth (in millions) of social benefits and costs are presented. Which ferry should be chosen?