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Theory and Modern Applications

Table 3 Consumption \(\pmb{c(t)}\) , in Example 5 , with \(\pmb{r=0.03}\) , \(\pmb{r=0.05}\)

From: Calculus of variations on time scales: applications to economic models

t

c ( t ) with r  = 0.03

c ( t ) with r  = 0.05

0

0

0

2

7.905

7.905

4

6.785

6.917

6

13.077

13.834

8

23.975

25.362

10

20.578

22.192

12

39.66

44.384