Question: Hello! Can someone please help me with this exercise? Our Prof is not really communicating with us... Consider the intertemporal utility function --> U= logC

Hello! Can someone please help me with this exercise? Our Prof is not really communicating with us...

Consider the intertemporal utility function --> U= logCt + logCt+1

Ct = consumption period t

Yt = F(Kt) (production technology, the representative consumer has access to)

where Yt is Output; Kt = capital stock; F(.) is a production function (standard properties)

capital stock fully depreciates during production process

What is the euler equation and how would you interpret it?

Thanks for any help!

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