, where c1 is her consum… Show more Patience has a utility

, where c1 is her consum… Show more Patience has a utility function U(c1, c2) = (sqrt{c1} + 0.8sqrt{c2}) , where c1 is her consumption in period 1 and c2 is her consumption in period 2. Her income in period 1 is 3 times as large as her income in period 2. At what interest rate will she choose to consume the same amount in period 1 as in period 2? • Show less

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