part A please as i know the chegg policy allows one at a time

Problem 1: Consumption smoothing (50 marks) Consumption smoothing households. Suppose that there are two types of households: type A is unconstrained, and type B is credit constrained. (a) Which households are more likely to be credit constrained. Also, which households can smooth consumption perfectly? Give examples. (10 marks) (b) Consider the case with 2 periods: today (t=Q and tomorrow (t = 1). Consumers value consumption in both periods according to the utility function U(CO, c1). The household receives income yo in period and yl in period 1 and the interest rate is r. Use the intertemporal budget constraint and the indifference curves to show the optimal choice of a consumer. Suppose that both household types A and B have the same income in both periods and the same preferences. Show how the budget constraint differs between the two types of households. Which household type is likely to consume more in the first period? (20 marks) (C) Now consider a multi-period model. For each household type, use a figure with time on the horizontal axis and income and consumption on the vertical axis to explain what happens to consumption when income decreases unexpectedly at time to and then recovers to its original level at time t1. At time to, it is known that the decrease in income is temporary. (20 marks)