Question: Question 2: Determining consumption (35 Marks) For this question, you will need to apply your knowledge of the inter-temporal consumption function as described in the

Question 2: Determining consumption (35 Marks) For this question, you will need to apply your knowledge of the inter-temporal consumption function as described in the slides to Chapter 4. Consumers must decide how much they wish to consume today (c) versus in the future (c ). In making their decisions, they are constrained by the amount of their present income (1\\) and future income ():). Future income is related to present income in the following
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