4) Consider a 2-period model that we studied in a class. Household receives e, units of consumption goods at period 1 and e2 units of consumption goods at period 2. There are bonds and each bond gives y unit of consumption goods at the end of period 2. Each household has 1 unit of bonds in period 1. Bonds are traded at period 1 at the market price p in terms of consumption goods. Household decides the quantities of consumption "C", "c2" for each period and the quantity of bond holding q" to maximize his/her utility. Thus, the household's problem can be written as max (log(C1) + Blog(cz)} C1,C2,4 Subject to C1 + pq 0. Also, describe the condition under which households have no demand for the asset, i.e., q=0. (40 points) 4) Consider a 2-period model that we studied in a class. Household receives e, units of consumption goods at period 1 and e2 units of consumption goods at period 2. There are bonds and each bond gives y unit of consumption goods at the end of period 2. Each household has 1 unit of bonds in period 1. Bonds are traded at period 1 at the market price p in terms of consumption goods. Household decides the quantities of consumption "C", "c2" for each period and the quantity of bond holding q" to maximize his/her utility. Thus, the household's problem can be written as max (log(C1) + Blog(cz)} C1,C2,4 Subject to C1 + pq 0. Also, describe the condition under which households have no demand for the asset, i.e., q=0. (40 points)