I’ve a doubt regarding Inter-temporal rate of substitution(I-TRS), with increase in income MU of current consumption decreases because of which option A stands wrong but it does make I-TRS rise, doesn’t it?
Please help me in understanding this. Thank you!
Please refer to the link.
http://CFA L2 | Candidate Resources Case Study Podcasts | Portfolio Management ‘Julie Carlisle & Esteban Blake’ Case – https://forum.sseiqforum.com/question/cfa-l2-candidate-resources-case-study-podcasts-portfolio-management-julie-carlisle-esteban-blake-case/
Thank you Udit!