a. Draw a consumer diagram with current consumption c1 on the horizontal axis and future consumption c2
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a. Draw a consumer diagram with current consumption c1 on the horizontal axis and future consumption c2 on the vertical. Illustrate an intertemporal budget constraint assuming an interest rate r, then draw an indifference curve that contains the optimal bundle A.
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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