Draw again the intertemporal budget curve of #6. Using indifference curves, draw the utility maximization for a consumer who highly values FUTURE enjoyment receives less utility from consumption now.

a.Show graphically the amount of C1 and C2 the consumer would choose.Explain.

b.Explain the banking transactions (if any) needed for this consumer.

6. Assume a utility function of U = 10X" Y". Your income is 20000. The price of good X is 10 and the price of good Y is 20. Using utility maximization, find the optimal level of consumption of goods X and Y