Question: A consumer has the utility function U (c1, C2) = min {c1, C2}. There is no inflation, the interest rate is 10%, and the consumer

A consumer has the utility function U (c1, C2) = min {c1, C2}. There is no inflation, the interest rate is 10%, and the consumer has income 100 in period 1 and 121 in period 2. The prices observed observed in both periods are 1.

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