Question: A consumer has a utility function over consumption in 2 periods given by U(C1, C2) = ci + cy . They are endowed with an

A consumer has a utility function over consumption in 2 periods

given by U(C1, C2) = ci + cy . They are endowed

A consumer has a utility function over consumption in 2 periods given by U(C1, C2) = ci + cy . They are endowed with an income of 100 in period 1 and 800 in period 2. If the interest rate is equal to 150%, this consumer would like to O a. Neither borrow or save O b. Save O C. Borrow O d. Cannot be determined

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