Hi, I tried to solve the following system of equations:
solve[{rkd==RHOK*gx^(1-RHOK)*hk^(GAMMAA)*a1*kdk^(mu1-1)*lk^(1-RHOK-GAMMAA), rki==rho*gx^(1-RHOK)*hk^(GAMMAA)*(1-a1)*kik^(mu1-1)*lk^(1-RHOK-GAMMAA) , w*(1+CHII*(R-1))==GAMMAA*gx^(1-RHOK)*hk^(-RHOK)*lh^(1-RHOK-GAMMAA), rla==(1-GAMMAA-RHOK)*gx^(1-RHOK)*hk^(-RHOK)*lh^(1-RHOK-GAMMAA) , gx^(1-RHOK)*hk^(-RHOK)* lh^(1-GAMMAA-RHOK)==rkd*kdk*(hk)^(-1)+rki*kik*(hk)^(-1)+w*(1+CHII*(1-R))*rla*lh}, {hk,lk,lh,w,rla}]
Only {hk,lk,lh,w,rla} are unknowns, the rest are parameters or variables which values I already know. The output does not say any error, just repeat what I wrote. What can I do? it is my first time using Mathematica. Thanks!