Now consider 2-period overlapping generations model where there is no population growth
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Now consider 2-period overlapping generations model where there is no population growth

2. Now consider 2-period overlapping generations model where there is no population growth. The utility function is given by:


Hint
In economics, the utility function assesses the satisfaction of a customer as a function of the consumption of real goods.  Therefore, the order in which customers select one product over another establishes that customers allocate a higher value to the first product....
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