Cobb-Douglas Production Function | Formula, Equation & Example
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Cobb-Douglas Production Function | Formula, Equation & Example
409K viewsJun 6, 2017
Study.comRonald Price
Suppose that the production function is Cobb-Douglas.(a) Find expressions for k^*, y^*, and c^* as functions of the parameters of the model, s, n, δ, g, and α(b) What is the golden-rule value of k ?(c) What saving rate is needed to yield the golden-rule capital stock?
Suppose that the production function is Cobb-Douglas.(a) Find …
Nov 27, 2021
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