Assume that 10 percent of capital depreciates each year. What gross saving rate

label Economics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Assume that a country's production function is Y = K1/2L1/2.

Assume that the country possesses 40,000 units of capital and 10,000 units of labor.

May 14th, 2015

a.  y = k 1/2 .

b. Y = 20,000; Y/L = 2; y = 2; yes 

May 14th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
May 14th, 2015
...
May 14th, 2015
Sep 26th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer