Question: Compare this optimality condition with also known as a Euler equation, which holds in a deterministic environment with discrete time. Complete the parallel between the

Compare this optimality condition with

1+r u'(c) = -u (C++1), 1+p

also known as a Euler equation, which holds in a deterministic environment with discrete time. Complete the parallel between the consumption problems studied here and in Chapter 1 by deriving a version of the cumulated budget restriction in continuous time.

1+r u'(c) = -u (C++1), 1+p

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