Imagine an economy with production function Y = F(K) = $\sqrt { K }$ and 400 units of capital. If the fraction of output invested in new capital increases from $\gamma$ = 0.2 to $\gamma$= 0.5 and the depreciation rate is $\delta$ = .05, what is the new steady-state amount of capital?

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The Answer of Imagine an economy with production function Y = F(K) = $\sqrt { K }$ and 400 units of capital. If the fraction of output invested in new capital increases from $\gamma$ = 0.2 to $\gamma$= 0.5 and the depreciation rate is $\delta$ = .05, what is the new steady-state amount of capital?

Imagine an Economy with Production Function Y = F(K) = K\sqrt { K }K​

Imagine an Economy with Production Function Y = F(K) = $\sqrt { K }$