I give Brainliest!! :) ESPN 30 for 30 – BROKE

Tell me your initial reaction, what do you think the film is about?

What do you think of the amounts of money pro athletes make?

How did sports salaries change in the 1990’s?

What contributed to that change?

Explain the phrase “Keeping up with the Joneses”.

Why do you think that phrase may lead to bad money management decisions?

What are some of the bad investments these athletes made?

How could athletes like Andre Rison and Allen Iverson have prevented personal bankruptcy?

What money management lessons could the average person learn from these stories?

If you were a financial planner, how would you handle a pro athlete’s money?

3. saving two consumers, larry and jeff, have utility functions defined over the two periods of their lives: middle age (period zero) and retirement (period 1). they have the same income in period 0 of m dollars and they will not earn income in period 1. the interest rate they face is r. larry’s and jeff’s utility functions are as follow. = 0.5 + 0.5 and = 0.5 + 0.5 for each person is between zero and one and represents each consumer’s temporal discount econ 340: intermediate microeconomics. ben van kammen: purdue university. rate. a. write the budget constraint that applies to both jeff and larry in terms of consumption in each period and ), interest rate, and m. b. what is larry’s and what is jeff’s marginal rate of intertemporal substitution? c. what is the slope of the budget constraint? d. write each consumer’s condition for lifetime utility maximization. e. re-arrange the conditions from part (d) to solve for the ratio, . f. if > which consumer will save more of his middle age income? g. if > 1 1+ , in which period will larry consume more: = 0 or = 1?