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3. Optimal Consumption Choices: Suppose that the consumer has no disposable income in the second period (3/ t' = 0). Further, let preferences be of

3. Optimal Consumption Choices: Suppose that the consumer has no disposable income in the second period (3/ t' = 0). Further, let preferences be of the form U(c, c') = log(c) + log(c'), O

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