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Please answer question one. Thank you. C' A Parent's Consumption Parent's Consumption Uo Y' C' B' B Y'o Uo U1 C Y1 Yo C1 Co

Please answer question one.

Thank you.

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C' A Parent's Consumption Parent's Consumption Uo Y' C' B' B Y'o Uo U1 C Y1 Yo C1 Co Child's Consumption Child's Consumption (a) (b)1. In panel [a] the initial endowment of income for the child is given by the point [V9, Tn]. From that point, the child can choose to give am\"r amount he wanE to his parents for their support. Let's say this child decides to oonsume at level C so that his parenm can have more consumption, thus choosing point A as his optimum tradeol'f between his own consumption and his parents' consumption. Under this scenario, 1what is the amount of income [or consumption] that this child is vol-.1 ntaril'fr choosing to transfer from himself to his pa rents? . [Your answer here should lzleIr of course, in terms of letters signifying a distance on the horizontal axis.]

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