ntertemporal budget constraint. Budget line 1: Y1 = $900. Y2 = $600. The interest rate is 12 percent, both for borrowing
Posted: Wed Jul 06, 2022 5:54 am
ntertemporal 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.