Question: =+a. On a three-dimensional graph with this summers leisure (,), this summers consumption (c1 ), and next summers consumption (c2 ) on the axes, illustrate
=+a. On a three-dimensional graph with this summer’s leisure (,), this summer’s consumption (c1
), and next summer’s consumption (c2
) on the axes, illustrate your endowment point as well as your budget constraint. Carefully label your graph and indicate where the endowment point is.
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