Question: Suppose a consumer lives in two periods , with his income in period 1 as $100 and his income in period 2 as $150.

Suppose a consumer lives in two periods , with his income in

Suppose a consumer lives in two periods , with his income in period 1 as $100 and his income in period 2 as $150. If the rate of interest in the economy is 12%. Find the equilibrium level of consumption in both the periods(C1*,C2*) if his utility function is given as: U = C10.5C20.5. (90.54 , 180.84) O (125 ,125) O (138.17, 110.54) O (110.54 , 138.17)

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