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Question: Suppose that a household lives for two periods and has a lifetime utility function given by:  u =...

Show transcribed image text Suppose that a household lives for two periods and has a lifetime utility function given by: u = u(C_t) + phi u (C_t + 1), 0

Suppose that a household lives for two periods and has a lifetime utility function given by: u = u(C_t) + phi u (C_t + 1), 0