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looking for help solving the problem, with explanation/ step by step directions on how you came to your answer, thank you! Consider an economy that

looking for help solving the problem, with explanation/ step by step directions on how you came to your answer, thank you!

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Consider an economy that is populated by many identical consumers. The representative consumer has preferences that can be described by the utility function u(c,c') = In(c) + 2In(c'), where c is the level of current consumption and C is the level of future consumption. The marginal utilities of the consumer are given as MU, = - and MU. = The consumer has a current income of $5,000 and a future income of $7,000. The consumer pays $1,000 in tax in each period (current and future). The real interest rate is r = 0.05. What is the consumer's lifetime wealth, we? Round your answer to at least 2 decimal places

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