Ramsey Growth Model 3: Household preferences

[@tinaparyab1731]

That was amazing. Thank you so much. I had a lot of problems with Ramsey Model but now I know this model with my heart

[@serinaxiong7421]

Thank you so much!!! So clearly elaborated !🤓

[@dalkeiththomas9352]

Amazing, absolutely amazing

[@AlonzoEchavarriaGarza]

Fantastic!

[@madhusudanmadhukarpatel4217]

Good

[@sherilthomas8053]

Is Lt supposed to labour and not population?

[@veryshuai]

As long as you assume that each person inelastically supplies one unit of labor, population and labor are the same. In a richer model with a labor/leisure decision, then you would need to make a distinction between the two.

[@sherilthomas8053]

​@@veryshuai thank you❤