Question: could you please help me solve the below question: (5 Points) Bora's income in the current period is y=200, and income in the future period
could you please help me solve the below question:

(5 Points) Bora's income in the current period is y=200, and income in the future period is y'=250. He pays lump-sum taxes t=30 in the current period and t'=10 in the future period. The real interest rate is 5%, per period. Suppose that Bora will always choose current consumption, c and the future consumption, (2' in a constant proportion: 0-3' _c b) Determine the optimal saving for Bora, and show this in a diagram with his budget constraint and indifference curves, and also determine if Bora is a lender or a borrower? (To have your mark in this question, you NEED to provide your calculation and solution (using diagram and showing all the steps) in the midterm exam file posted underAssessment-Assignment) O a) -73.78, Borrower 0 b) 73.73, Lender O c) None of the answers are correct Q d) -43.78, Borrower O e} 93.73, Lender
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