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Ken has a utility function U ( c 1, c 2) = min{ c 1, c 2}, where c 1, c 2 denote Ken's consumption

Ken has a utility function U(c1, c2) = min{c1, c2}, where c1, c2 denote Ken's consumption in period 1 and period 2 respectively. If he had an income of 1,230 in period 1 and 615 in period 2 and if the interest rate were 0.05, how much would Ken choose to spend in period 1?

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