Assume a production function is given by . If
And
, and the steady-state capital stock is 8.0, the steady-state level of output is about:
A) 8.0.
B) 4.0.
C) 45.4.
D) 2.0.
E) 22.6.

Question

Assume a production function is given by  . If 
And 
, and the steady-state capital stock is 8.0, the steady-state level of output is about:
A) 8.0. 
B) 4.0. 
C) 45.4. 
D) 2.0. 
E) 22.6.

Quizplus · Accepted Answer

The Answer of Assume a production function is given by  . If 
And 
, and the steady-state capital stock is 8.0, the steady-state level of output is about:
A) 8.0. 
B) 4.0. 
C) 45.4. 
D) 2.0. 
E) 22.6.

Assume a Production Function Is Given by