a) Consider the information given about Westburg in Table One.

Tell me the value for cell a, carefully following all numeric directions.

b) Continue working with the information about Westburg.

Enter your answer for Cell e in Table One, following all formatting instructions.

c) Continue working with the information about Westburg.

Enter your answer for Cell f in Table One, following all formatting instructions.

d) Continue working with the information about Westburg.

Enter your answer for Cell h in Table One, following all formatting instructions.

e) Continue working with the information about Westburg.

Calculate its steady-state level of capital per worker. Round your answer to the nearest whole number.

For the first several questions, you will deal with Westburg, a nation with a per-worker production function y=f(k)=5k1/2 (5 times the square root of k ). The marginal product of capital for this production function is 2.5k1/2 (2.5 times 1 divided by the square root of k, or 5 divided by (2 times the square root of k) ). The economy starts with 400 units of capital per worker (see Table One); people in the economy consume 86% of each dollar of income they earn, and machinery depreciates at a steady rate to be totally used up/worthless in 50 years. There is no technology or population growth. Below is Table One; you'll fill in some, but not all, of the spaces marked by letters: For the first several questions, you will deal with Westburg, a nation with a per-worker production function y=f(k)=5k1/2 (5 times the square root of k ). The marginal product of capital for this production function is 2.5k1/2 (2.5 times 1 divided by the square root of k, or 5 divided by (2 times the square root of k) ). The economy starts with 400 units of capital per worker (see Table One); people in the economy consume 86% of each dollar of income they earn, and machinery depreciates at a steady rate to be totally used up/worthless in 50 years. There is no technology or population growth. Below is Table One; you'll fill in some, but not all, of the spaces marked by letters