laborsaving
娄睿19816351305问:《
...function, where the share of labor(N) and capital(K) is each 1/2 and A=1.If the growth rate of labor is n=0.06, the rate of depreciation is d=0.04,and the saving ... - 》
太和县网友:……[答案] kt+1-kt=sf(kt)-(d+n)kts.s so kt+1-kt=0 and sf(kt)-(d+n)kt=00.2f(k*)=0.1kaccording to the Cobb-Douglas production functionf(k)=k^1/2so k^1/2=k*1/2k=1/4k^2k=4但愿没算错.唉.