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i have a question involving a utility function: it states; lisa has the utility function U(c1,C2)=min{c1,C2} where c1 and c2 are her consumption periods in 1 and 2 respectfully. Lisa earns $50 in...

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i have a question involving a utility function: it states; lisa has the utility function U(c1,C2)=min{c1,C2} where c1 and c2 are her consumption periods in 1 and 2 respectfully. Lisa earns $50 in period 1 and $80 in period 2. Lisa can borrow or lend at an interest rate of 100% per period. In period one, how much will lisa save or borrow?
Answered Same Day Dec 22, 2021

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David answered on Dec 22 2021
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i have a question involving a utility function: it states; lisa has the utility function
U(c1,C2)=min{c1,C2} where c1 and c2 are her consumption periods in 1 and 2 respectfully. Lisa
earns $50 in period 1 and $80 in period 2. Lisa can bo
ow or lend at an interest rate of 100% per
period. In period...
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