Question: Solve the life-cycle optimal choice for a consumer whose endowment is given (100; 50) and faces a perfect capital market with interest rate of 10%,

Solve the life-cycle optimal choice for a consumer whose endowment is

given (100; 50) and faces a perfect capital market with interest rate of 10%, if the

period utility function is v(x) = ln x and = 0:9. (report it up to two decimal

places).

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