How does the affect the optimal consumption plan described, Microeconomics

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How does the affect the optimal consumption plan described

Problem

1. Consumption Answer the following questions: a) Suppose that an individual receives limited income from side jobs until his/her 205, high income from a Wall Street job in his/her 305/405/505, and limited retirement income after his/her 505. What is the optimal consumption path for the individual over his/her lifetime?

2. Can you explain why the previous path is optimal?

3. Are there any factors that can prevent him/her to follow the optimal path?

4. Suppose that, at some point, the value of his/her stock market investments doubles. How does this affect the optimal consumption plan described?

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Microeconomics: How does the affect the optimal consumption plan described

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