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A consumer must choose between consuming a fraction of their wealth today (C1) and tomorrow (1-C1) : (1)=1^0.47(11)^0.53 Find the C1 that maximizes the consumer's

A consumer must choose between consuming a fraction of their wealth today (C1) and tomorrow (1-C1) :

(1)=1^0.47(11)^0.53

Find the C1 that maximizes the consumer's utility, U. Round your answer to two decimal places.

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