Please answer parts D & E

c) Alice has utility function u(C1, C2) = min{c1, 202}. The interest rate is 5%. Her income in 2s Period 1 is $1000 and her income in Period 2 is 1100. Write down the optimality condition that must hold for Alice at her optimal consumption. d) Using the information from part c), find Alice's optimal consumption choices (her optimal values of c1 and C2) ( 1 4 0. 05) 1009 4 100 7 1090. 78 - C 205 e) Is Alice a borrower or a lender? Explain