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

Economics
Tutor: None Selected Time limit: 1 Day

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

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May 14th, 2015
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May 14th, 2015
May 26th, 2017
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