Question: Please answer the following question, would rate after received the answer, thanks! In the twoperiod model, we normally graph the consumer's indifference curve in the

Please answer the following question, would rate after received the answer, thanks!

In the twoperiod model, we normally graph the consumer's indifference curve in the CC' axis. Question: Explain why the shape of the indifference curve can explain the desire of a consumer to smooth consumption over time. (Hint: If it helps, you can start by thinking of the shape of the curves when c=c' which are an extreme case.)

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