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


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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