Maren has the utilityfunction U(c1,c2)=C1^a*C2^1-a, where 01) Maren has income m1 and m2 in...

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Maren has the utilityfunction U(c1,c2)=C1^a*C2^1-a, where 01) Maren has income m1 and m2 in respectively periode 1 and periode 2. Order Marens`budgetrestrain (in present value)
Let a=0,3
2) Find Marens consumption in the two periods ( as a function of m1,m2 and r)3) If the interest rises, how will Maren chanhe her consumption in each of the two periodes

David · Accepted Answer

A social survey taken in the won of Maple Ridge yielded the following information for five consecutive years
Maren has the utility function U(c1,c2)=C1^a*C2^1-a, where 0

Maren has the utilityfunction U(c1,c2)=C1^a*C2^1-a, where 01) Maren has income m1 and m2 in respectively periode 1 and periode 2. Order Marens`budgetrestrain (in present value) Let a=0,3 2) Find...

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