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Note that (1.15) and (1.20) are identical, and the solution we get for c from the .....
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Blanchard, O.J. and Fischer, S. Lectures on Macroeconomics, 1989. ... Ljungqvist
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if Ïkj = 3 (3 pears = 1 apple) and Ïhj = 1/3 (1/3 pears = 1 orange), then .... The optimal consumption bundle for agent a is defined by the above first-order.
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Mankiw, N. Gregory. Macroeconomics. 5 th edition. Worth Publishers, 2003.
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