Question: Consider an economy described by the production function Y = F ( K , L ) = K deg 4 L 0 . 6

Consider an economy described by the production function Y= F(K,L)= K\deg 4L0.6.a. What is the per-worker production function?b. Suppose the saving rate is Sand the capital depreciation rate is . Assuming no population growth or technological progress, find the steady-state capital per worker, output per-worker, and consumption per worker as a function of the saving rate and the depreciation rate.

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