QUESTION 3 Consider the following intertemporal consumption problem with one good and two periods The quantity...

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QUESTION 3 Consider the following intertemporal consumption problem with one good and two periods The quantity of the good consumed in period 1 and period 2 are q1 and q2. The price of each unit of the good is $1 in both periods The consumer's income is 11-10 in the first period and 12-12 in the second period. The consumer can borrow or save money at the interest rate of 25%, that is, -0.25 The consumer's utility function is 91.92)-9192 The consumer optimally chooses qs and a2 Part 1) The optimal mix of qy and q2 i Part 2) The consumer will purchase Part 3) in the first period, the consumer will (your answer should be qy as a function of qt) (your answer should be a number). (select save or borrow) the amount of 5 (select a number) QUESTION 3 Consider the following intertemporal consumption problem with one good and two periods The quantity of the good consumed in period 1 and period 2 are q1 and q2. The price of each unit of the good is $1 in both periods The consumer's income is 11-10 in the first period and 12-12 in the second period. The consumer can borrow or save money at the interest rate of 25%, that is, -0.25 The consumer's utility function is 91.92)-9192 The consumer optimally chooses qs and a2 Part 1) The optimal mix of qy and q2 i Part 2) The consumer will purchase Part 3) in the first period, the consumer will (your answer should be qy as a function of qt) (your answer should be a number). (select save or borrow) the amount of 5 (select a number)