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Consider an entrepreneur living In a two-period, one-good, riskless economy with no ell- dowment but with a production technology producing 22 - 122 for each
Consider an entrepreneur living In a two-period, one-good, riskless economy with no ell- dowment but with a production technology producing 22 - 122 for each unit of input z. She has access to borrowing and lending in the financial markets at a rate of return 1.2. (a) How much will she consume and produce if she cares about consumption in the first period only. (b) How much will she consume and produce if she cares about consumption in the second period only
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