Question: Please answer question two. Thank you. C' A Parent's Consumption Parent's Consumption Uo Y' C' B' B Y'o Uo U1 C Y1 Yo C1 Co

Please answer question two.

Thank you.

C' A Parent's Consumption Parent's Consumption Uo Y' C' B' B Y'o Uo U1 C Y1 Yo C1 Co Child's Consumption Child's Consumption (a) (b)2. This transfer from the child in panel (a) to his parents allows the parents to consume at level in panel (a). [Your answer here should be a letter signifying a point on the vertical axis.]

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