$-(1-)$ K$+,$

A L$.).$ Express equations $(1)$ and

BGP$)$:

$(5)$

case, this implies that the growth

flective labor is zero. Use equation

m condition $(5)$ to solve for k$*$ as

es Kg$+1$ with kg$.$ What is the shape

e $45\backslash$deg line. Note that this line has

variable on the y$-$axis is the same

X$-$axis.

le parameters of the model: a $=$

nd s $=0\mathrm{.}30.$ Use these values to

$$ Microsoft Excel software package.

I stock in units of effective labor is

the BGP $($i$.$e$.$ ko $=(0\mathrm{.}25)$ k$*).$ Use