ECON60662: Tutorial& 2Q1. An& Infinitely& Lived Agent& Maximizes& His& Lifetime& Utility With& Consumption& C& In Each Time& Period.& Her Elasticity Of& Marginal& Utility& Of Consumption& Is Θ,& And The& Rate& Of& Time& Preference& Isp.& The Government&

ECON60662ECONOMIC GROWTH2019 – 20SECTION A1.& The Decision Problem For An Infinitely-Lived Agent Is Given As Follows:& Where (), C& Denotes Consumption, K& Denotes Physical Capital, H Denotes Human Capital, U& Denotes The Fraction Of Human Capital Used In Production, Δ& Denotes Depreciat

ECON60662ECONOMIC GROWTH2018-19SECTION A1.& The Decision Problem For An Infinitely-Lived Agent Is Given As& & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & &