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  • Lecture 2

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    Adam Renfro
    12 Ansichten16 Seiten
    Now transform the production function into per-worker terms. Show every step of your work. The second question for you is this. Is there a rate of extraction such that there exists a (positive) steady-state output-labor ratio? Provide an explicit and precise proof for your answer, making use of the per-worker production function you have derived together with the other information you have at hand

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    Now transform the production function into per-worker terms. Show every step of your work. The second question for you is this. Is there a rate of extraction such that there exists a (positive) steady-state output-labor ratio? Provide an explicit and precise proof for your answer, making use of the per-worker production function you have derived together with the other information you have at hand

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    © All Rights Reserved
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    12 Ansichten16 Seiten

    Lecture 2

    Hochgeladen von

    Adam Renfro
    Now transform the production function into per-worker terms. Show every step of your work. The second question for you is this. Is there a rate of extraction such that there exists a (positive) steady-state output-labor ratio? Provide an explicit and precise proof for your answer, making use of the per-worker production function you have derived together with the other information you have at hand

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
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