1. For each individual, 9 dozen eggs now are more valuable than 8 dozen eggs now. Similarly, 9 dozen eggs a year from now rank higher than 8 dozen eggs a year from now.
  2. For each individual, a given quantity of eggs in the present is worth more than the same quantity in the future.      Next page
Crusoe
      9 dozen eggs now
      9 dozen eggs a year from now
      8 dozen eggs now
      8 dozen eggs a year from now
stock:
8 dozen eggs
Friday
      9 dozen eggs now
      8 dozen eggs now
      9 dozen eggs a year from now
      8 dozen eggs a year from now
stock:
0 eggs,
many chickens

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