The household problem is to solve:
A)

\max _ { c _ { \text {tadey } } \cdot c _ { \text {Mur } } } U = u \left( c _ { \text {todap } } , c _ { \text {future } } \right)

B)

\max _ { c _ { \text {todoy } } \cdot c _ { \text {Murr } } } c _ { \text {today } } + c _ { \text {future } } ( 1 + R ) = \bar { X } \text {, subject to } U = u \left( c _ { \text {today } } , c _ { \text {future } } \right)

C)

\min _ { c _ { \text {itdoy } } \cdot c _ { \text {Murs } } } U = u \left( c _ { \text {toduy } } \right) + \beta u \left( c _ { \text {future } } \right) , \text { subject to } c _ { \text {todup } } + c _ { \text {future } } ( 1 + R ) = \bar { X }

D)

\max _{c_{\text {todoby }}, c_{\text {Aurre }}} U=u\left(c_{\text {todav }}\right)+\beta u\left(c_{\text {future }}\right), \text { subject to }

c_{\text {today }}+\frac{c_{\text {futare }}}{1+R}=\bar{X}

E)

\max _ { c _ { \text {tadoy } } \cdot c _ { \text {Murs } } } U = u \left( c _ { \text {today } } \right) + \beta u \left( c _ { \text {future } } \right) , \text { subject to } c _ { \text {today } } + c _ { \text {future } } ( 1 + R ) = y _ { \text {today } } + y _ { \text {future } } ( 1 + R )

To Analyze Ricardian Equivalence Using the Neoclassical Consumption Model, We

Multiple Choice