Question: John intends to build a drone. During the product development phase he calculated the overall environmental impact of the drone to be 89 units. The

John intends to build a drone. During the product development phase he calculated the overall environmental impact of the drone to be 89 units. The drone is made of: Wood=21.36 units, Metal=21.36 units, Plastic=28.48 units, Composite=17.8 units. John intends to reduce the current environmental impact by 20%, which material should he remove? Question 20 options: Wood Composite Plastic Metal

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=+ d. What will the capitaloutput ratio be at the Golden Rule steady state? (Hint: For the CobbDouglas production function, the capitaloutput ratio is related to the marginal product of capital.)

=+c. Suppose that public policy raises the saving rate so that the economy reaches the Golden Rule level of capital. What will the marginal product of capital be at the Golden Rule steady state?

=+a discussion of the CobbDouglas production function, see Chapter 3.)