For many consumption activities - skiing,for example - the activity becomes more enjoyable as the consumer becomes more experienced.Assuming that "training consumption" is inexpensive relative to "proficient consumption," do such activities make it more or less likely that a borrowing constraint will be binding?

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The Answer of For many consumption activities - skiing,for example - the activity becomes more enjoyable as the consumer becomes more experienced.Assuming that "training consumption" is inexpensive relative to "proficient consumption," do such activities make it more or less likely that a borrowing constraint will be binding?

For Many Consumption Activities - Skiing,for Example - the Activity