An individual has a preference for consumption between periods 0 and 1 characterized by u(c0,c1)=sqrt(c0)+Bc1, where B>0. the individual has endowments in each period of E0 and E1 and faces interest...

An individual has a preference for consumption between periods 0 and 1 characterized by u(c0,c1)=sqrt(c0)+Bc1, where B>0. the individual has endowments in each period of E0 and E1 and faces interest rate r.a) explain why the individual will always consume in period 0, but not necessarily in period 1b) Characterize the maximum amount of consumption the individual will choose for each period