Question: Show that the utility function C1-0 - 1 1+4 U (C , N ; Z ) = Z, for o # 1, 1-0 1+ 4

Show that the utility function C1-0 - 1 1+4 U (C

, N ; Z ) = Z, for o # 1, 1-0

Show that the utility function C1-0 - 1 1+4 U (C , N ; Z ) = Z, for o # 1, 1-0 1+ 4 can be written as Nity U (C, N; Z) = log C, - Z, for o = 1. 1+4

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