Assume a production function is given by $Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 }$ . If $\bar { A } = 2$
And $\bar { L } = 1$
, the depreciation rate is $\bar { d } = 0.05$
, and the saving rate is $\bar { s } = 0.1$
, the steady-state level of capital is about:
A) 0.1
B) 2.5
C) 1.6
D) 8.0
E) 0.6

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The Answer of Assume a production function is given by $Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 }$ . If $\bar { A } = 2$
And $\bar { L } = 1$
, the depreciation rate is $\bar { d } = 0.05$
, and the saving rate is $\bar { s } = 0.1$
, the steady-state level of capital is about:
A) 0.1
B) 2.5
C) 1.6
D) 8.0
E) 0.6

Assume a Production Function Is Given By Y=AˉKt1/3Lˉ2/3Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 }Y=AˉKt1/3​Lˉ2/3

Assume a Production Function Is Given By $Y = \bar { A } K _ { t } ^ { 1 / 3 } \bar { L } ^ { 2 / 3 }$