8. This is a short answer question. No code required. We referred to a result such as this: (1+)u(c1)u(c2)=1+r1 as an Euler equation. This is not the only form of an Euler equation, as it appears in a slightly different form in many contexts. Generally speaking in economics, we may refer to any equation that expresses the type of relationship that is being expressed here as an Euler equation. Explain what that relationship is. What is being equalized in this equation? How would you explain this to an undergraduate economics student (for example, at the level of an intermediate course)? The general form of every euler expression tries to explain marginal utility as follows: u(c1)=(1+r)u(c2) The marginal utility of consumption at time u(c1) is equal to the rate of time preference multiplied by 1+ interest rate (1+r) multiplied by the marginal consumption at time C2u(c2) Your task is to explain how one is dependent on the other in your own words looking at the formula above. 8. This is a short answer question. No code required. We referred to a result such as this: (1+)u(c1)u(c2)=1+r1 as an Euler equation. This is not the only form of an Euler equation, as it appears in a slightly different form in many contexts. Generally speaking in economics, we may refer to any equation that expresses the type of relationship that is being expressed here as an Euler equation. Explain what that relationship is. What is being equalized in this equation? How would you explain this to an undergraduate economics student (for example, at the level of an intermediate course)? The general form of every euler expression tries to explain marginal utility as follows: u(c1)=(1+r)u(c2) The marginal utility of consumption at time u(c1) is equal to the rate of time preference multiplied by 1+ interest rate (1+r) multiplied by the marginal consumption at time C2u(c2) Your task is to explain how one is dependent on the other in your own words looking at the formula above