U is concave and increasing function
I know that
$$w-t_n\ge 1/2$$
$$U(w-t_a)\ge U(1/2)$$
How can I compare $t_a$ and $t_n$
All $w>t_i>0$ for all i=n,a.
U is concave and increasing function
I know that
$$w-t_n\ge 1/2$$
$$U(w-t_a)\ge U(1/2)$$
How can I compare $t_a$ and $t_n$
All $w>t_i>0$ for all i=n,a.
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