Question: Production function from the exercise before: f(k) = k -6k+11k-6k (not sure if needed) See the Solow growth model in continuous time with different production

Production function from the exercise before: f(k) = k -6k+11k-6k (not sure if needed)

See the Solow growth model in continuous time with different production functions:

a) Cobb-Douglas Y = AKL with , (0,1), + = 1, A > 0

b) Leontieff Y = min {AK,BL} with A and B > 0

1. Which of the functions do/does not satisfy the standard assumptions of a neo-classsical production function?

2. Establish the steady-state solutions and study the dynamics of the model in every case.

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