A6. Let the storage technology in the two-period model be f(k)= Ak", whereA > 0 and 0 <a < 1. The lifetime utility function is v(C₁, C₂) = C₁ + plnc₂,where1 > ß > 0. What is theinterest factor in competitive equilibrium?

Equilibrium refers to a state of rest. Production function shows the relationship between the inputs…

Answered: A6. | bartleby

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A6.

Let the storage technology in the two-period model be f(k)= Ak", whereA > 0 and 0 <
a < 1. The lifetime utility function is v(C₁, C₂) = C₁ + plnc₂,where1 > ß > 0. What is the
interest factor in competitive equilibrium?

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