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The citizens of Bureaucradeah have twoperiod utility.r functions where H > D and p :1:- D : j I 1_ Q _ o' U {chm}

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The citizens of Bureaucradeah have twoperiod utility.r functions where H > D and p :1:- D : j \"I 1_ Q _ o' U {chm} = q:- ._ + '5 ._ | a: Question 1 a. la utilityr increasing in consumption? How can you tell? h. is this utilityr function concave? How can you tell? c. Provide an economic interpretation of the parameters 3 and p. If someone told you that the}r were a preaentrfoclleed person, would that effect 19' or p '3

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