Consider the following two-period problem for the representative consumer Y1 = 50 T1 = 5 Y2 = 20 T2 = 10 r = 0.10 C1 = consumption in the first period C2 = consumption in the second period S = saving in the first period U(C1, C2) = min{C1, C2} What is the optimal saving, S*, that maximizes the representative consumer's lifetime utility?

29) Consider the following two-period problem for the representative consumer Y1 = 50 T1 = 5 Y2 = 20 T2 = 10 r = 0.10 C1 = consumption in the first period C2 = consumption in the second period S = saving in the first period U(C1, C2) = min {C1, C2} What is the optimal saving, S*, that maximizes the representative consumer's lifetime utility