Q: The Solow-Swan Model: Constant returns Prove that, if the production function exhibits constant returns, all firms will use the same proportion of capital to labor.Q: The Solow-Swan Model: Shares and Golden Rule a-) Consider a Solow model without a technological growth. Derive the Golden Rule of Capital Accumulation. What conditions (parameters) determine the golden rule capital stock?13-) Consider a Cobb Douglas technology.r with parameter 0 i. o: 4: 1. Lnagine that the depreciation rate of capital is :5 = 0.10 and the rate of population growth is n = 0.01. Compute the golden rule capital stock lewd as 3. function of a. What is the golden rule capital stock when a = 1,1" 2? 0-) Imagine that the saving rate in the economy,r is the constant 3 [with [l <: s what would be the value of that delivers lewd as stead state capital stock d- suppose now inputs earn their marginal products. show when owners save all income and workers consume then economy reaches golden rule stockq: solow-swan model: harrod-domar consider model with constant savings rate s. imagine technology is leontief so: y="min(AK," bl a- draw indifference curves in k l space if population growth zero follows: sa sb>B/ADraw the savings and the depreciation lines as a function of It. Find the steady state capital stock, If, for each of the cases written below. What are the dynamics of is: mar time? Do yea see any problems with these steady states? d)sA}5 ejsf-ld f)sA=6