Maren has the utilityfunction uc1c2c1ac21-a where 01 maren

Reference no: EM13375035

Maren has the utilityfunction U(c1,c2)=C1^a*C2^1-a, where 0

1) 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

Reference no: EM13375035

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