Show how to derive the consumers lifetime budget constraint, Econometrics

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Show how to derive the consumers lifetime budget constraint

1. What is the price of future consumption in terms of current consumption?

2. Show how to derive the consumer's lifetime budget constraint from the consumer's currentperiod and future-period budget constraints.

3. What is the slope of a consumer's lifetime budget constraint?

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Econometrics: Show how to derive the consumers lifetime budget constraint

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Econometrics: Show how to derive the consumers lifetime budget constraint

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