Question: Processing water is to be heated in a direct fired heater, which burns natural gas with a calorific value of 20.2 MJ m-3 . If

Processing water is to be heated in a direct fired heater, which burns natural gas with a calorific value of 20.2 MJ m-3 . If 5000 kgh-1 of this water has to be heated from l5oC to 80oC and the heater is estimated to be 45% efficient, estimate the hourly consumption of gas

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=+1. In the Solow model, how does the saving rate affect the steady-state level of income?

=+How does it affect the steady-state rate of growth?

=+ 3. Might a policymaker choose a steady state with more capital than in the Golden Rule steady state?