=+ In period one, how much does David decide to consume in each of the three periods?

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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Question Posted: Sep 30, 2024 03:02 AM

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=+ In period one, how much does David decide to consume in each of the three periods?
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=+ b. David is just like Nina, except he always gets extra utility from present consumption. From the perspective of period one, his utility function is U = 2 ln(C1) + ln(C2) + ln(C3).
=+How much wealth does he have left after period one?
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=+ In period one, how much does David decide to consume in each of the three periods?

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Macroeconomics

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