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Prove zero slope point is global maximum for constrained function with binomials. Without re...

How to prove the zero slope point is a global maximum in this non-concave program for a function with binomials? I need to find the (global) maximum of the following constrained problem: $$\max_{CAP} …
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Prove zero slope point is global maximum for constrained function with binomials. Without re...

I solved the problem by reformulating it using an economic argument. I find it astonishing how simple the problem becomes after the reformulation/reconceptualization. I believe there must be a form of …
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