Abstract:
We study the full utility of economic activity in a certain model, when the investment in the production of an economic resource is given as an exponent and the utility function — logarithm. We prove the existence and uniqueness of the optimal exponent and find the interval in which the optimal exponent is contained.
Keywords:mathematical model, Ramsey–Kass–Koopmans problem, competitive households, maximizing total utility, log-utility.