In the Solow model,if f(k)= 8k^0.5,s = 0.2,n = 0.3,and d = 0.1,what is the value of k at equilibrium? A)1 B)4 C)9 D)16

Name: In the Solow model,if f(k)= 8k 0.5 ,s = 0.2,n = 0.3,and d = 0.1,what is the value of k at equilibrium? A)1 B)4 C)9 D)16
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Quizplus · Accepted Answer

In the Solow model, the equilibrium condition is s*f(k) = (n + d)*k. Substituting the given values, 0.2*8k^0.5 = (0.3 + 0.1)*k. Solving this equation gives k = 4.

In the Solow Model,if F(k)= 8k0

In the Solow Model,if F(k)= 8k⁰