Abstract:
The full utility of economic activity is investigated in article. In the case of the Cobb-Douglass production function and the economic resource $K(t)=K_0e^{-\lambda t}$, it is proved that the exponent of $\lambda$ that delivers the maximum of total utility is in a certain interval.
Keywords:mathematical model, Ramsey–Kass–Koopmans problem, competitive households, maximizing total utility.