(Answered) Prove that the golden rule level of capital should solve

Economics

Prove that the Golden rule level of capital should solve the following equation: MPK=d+n+g. A perfect answer will: state which variable needs to be maximized to find the Golden Rule level of capital (1 pts); state the maximization problem including the 2 constraints and solve the problem.

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Microeconomics, Economics

Category:- Microeconomics
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