Suppose as we did in class that consumers live for two, Business Economics

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Suppose as we did in class that consumers live for two

Suppose, as we did in class, that consumers live for two periods and can either consume, save, or pay taxes with their income. Derive the lifetime budget constraint for the individual. What kinds of things can we say about the lifetime budget constraint? What does it imply about the consumer? Will he make his consumption choices in periods 1 and 2 independently?

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Business Economics: Suppose as we did in class that consumers live for two

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