Question: For the infinite-dimensional allocation problem, an obvious strategy is to reinvest everything until time t, so that your farm production grows exponentially, and then store
For the infinite-dimensional allocation problem, an obvious strategy is to reinvest everything until time t, so that your farm production grows exponentially, and then store everything during the time interval from t until T. Find the optimum value for t. Be sure that your solution is valid for all positive values of k!

For the infinite-dimensional allocation problem (the computer game) in the lecture notes, an obvious strategy is to reinvest everything until time t, so that your farm production grows exponentially, and then store everything during the time interval from t until T. Find the optimum value for t. Be sure that your solution is valid for all positive values of k! For the infinite-dimensional allocation problem (the computer game) in the lecture notes, an obvious strategy is to reinvest everything until time t, so that your farm production grows exponentially, and then store everything during the time interval from t until T. Find the optimum value for t. Be sure that your solution is valid for all positive values of k
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
