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

Solve the two-period 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

U(x)=ln x along with =0.9

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