=+B. Now suppose that tastes over consumption now, c1 , and consumption in the future, c2 ,

Question:

=+B. Now suppose that tastes over consumption now, c1

, and consumption in the future, c2

, can be represented by the Constant Elasticity of Substitution utility function u1c1

,c2 2 5 1c1 2r 1 c2 2r 2 21/r

.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: