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+ question: max h,L[eH (eh+(1e)L)] e = (h-L)/c L = - wealth (w) Solve the optimization problem and findcall it hand express it in terms
+
question:
max h,L[eH (eh+(1e)L)]
e = (h-L)/c
L = - wealth (w)
Solve the optimization problem and findcall it hand express it in terms of
H c w (w is wealth)
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