Intertemporal budget constraint. Budget line 1: Y1 = $900. Y2 = $600. The interest rate is 12 percent, both for borrowin
Posted: Sun Jul 03, 2022 6:51 am
Intertemporal budget constraint. Budget line 1: Y1 = $900. Y2 =$600. The interest rate is 12 percent, both for borrowing andsaving. Utility = C15C27 Draw the budget line, with solved numbers.Solve the optimal consumption levels to choose in time 1 and time2.