Question: 5. Consider the following q problem in continuous time: subject to =/ Ko is given. Here r is the interest rate. Note that in the

5. Consider the following q problem in continuous time: subject to =/ Ko is given. Here r is the interest rate. Note that in the problem just stated the capital stock cannot be adjusted instantaneously without incurring prohibitive adjustment costs. More precisely, if i is the amount of capital invested (or dis-invested), then the total cost of investment is given by /,+ $ 4: 2 7 Where X is a

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