Question: This is part of my assignment please help Again, this utilityfunction reflects the sharp discount between the new cur- rent period (i.e., period two) and

This is part of my assignment please help

This is part of my assignment please help Again, this utilityfunction reflectsthe sharp discount between the new cur- rent period (i.e., period two)and the new tomorrow (i.e., period three). Finally, at time t =3 the agent has the following utility function: In ca- a. Prove

Again, this utilityfunction reflects the sharp discount between the new cur- rent period (i.e., period two) and the new tomorrow (i.e., period three). Finally, at time t = 3 the agent has the following utility function: In ca- a. Prove that if / = 1, then the utility function at t = 2 is a linear trans- formation of the last two terms of the utility function at t = 1. Prove that if /

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