Question: (i) For the model in section 6.2 derive the optimal path for production under both no discounting and discounting at 10% under the following alternative

(i) For the model in section 6.2 derive the optimal path for production under both no discounting and discounting at 10% under the following alternative assumptions:

(a) p = 5

(b) b = 3

(c) R = 800

(ii) What conclusions do you draw?

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