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Plotted pan d is that displays Foint at which arises based for r yu , , The below depends oa the initial of which,
Plotted pan d is that displays Foint at which arises based for r yu , , The below depends oa the initial of which, for the sake of cluity. is labeled _ For part d, the initial consumption-savings optimality condition is such that and the optiml In put d. will to its initial . (Note: All ofur r, y, , y: , d, points) that clearly page) tlr point at Bnefy (but sketch in why (M why point initial M which . (Note; " simply a vabal of ) c. slope of LBC = -(1+r) c. initial consumption- savings optimalg with OJ
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