Hi, please list out the formulas where necessary , graphs where necessary , if the question doesnt require it, its fine not have it but please do put it down if it helps you to explain . Thank you!

1. (b)Use the first-order condition to substitute for ?? in the budget constraint, and solve for??.

(c) Set ? = ? and investigate how ?? , ? , ?? , and ? affect ? . Interpret the results. ??? ?

(d) Suppose that? =?^?1 =?^?2=???and?=?=?.What is consumption in period1?

(e) Suppose that? =?^?1 =?^?2 =???and?=?,and?=?.??.What is consumption in ???

period 1? Explain the difference compared with the previous case.

Q7. A consumer lives for two periods. She maximises the lifetime utility function subject to a budget constraint (note: A1 is initial wealth] III(C2) U = 111(61) + 1+p 2_ i & Cl+1+rA1+Y1+ 1+r (a) What is the rst-order condition for consumption in this case