Problem
1. What are the horizontal and vertical intercepts of a consumer's lifetime budget constraint?
2. If a consumer chooses the endowment point, how much does he or she consume in each period, and how much does he or she save?
3. What are the three properties of a consumer's preferences?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.