The consumer's utility function is given by U$($c$,$c$\text{'})=$ln c $+$ b ln c$\text{'}.$ If the real interest rate r$=0\mathrm{.}08$ and b $=0\mathrm{.}95,$ then the optimal choice of current and future consumption c and c$\text{'}$ will be such that

Question $8$ options:

c $=$ c$\text{'}$

c $>$ c$\text{'}$

c $<$ c$\text{'}$

c c$\text{'}<0$

c $/$ bc$\text{'}<0$