I am very new to optimization andI have to solve this equationmax U(k)=tlog(1+ yhpg/(pg+s))+mpge^(-ky)) st k&gt;0can anyybody give me idea where should I start

Notice that exp ⁡ ( − k y ) is a monotone function.If y &gt; 0, it is a decreasing function.If y &lt; 0, it is an increasing function.In either case, the maximum might not exist.

Question: "I am very new to optimization andI have..."

High School
Geometry
High school geometry
Maximization

Mohammad Cannon

Answered question

2022-06-25

I am very new to optimization andI have to solve this equation

max U(k)=tlog(1+ yhpg/(pg+s))+mpge^(-ky)) st k>0

can anyybody give me idea where should I start