Question: econ question 4. In class we assumed that in the Solow model the aggregate production function should have constant returns to scale. That is F($K,$N)

econ question

econ question 4. In class we assumed that in the Solow modelthe aggregate production function should have constant returns to scale. That is

4. In class we assumed that in the Solow model the aggregate production function should have constant returns to scale. That is F($K,$N) = $F(K,N) for any I > 0. One such function is the Cobb-Douglas production function Y = KaNla for 0

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