Question: Suppose that the production function is given by y = 2k^1.5. Suppose that the savings rate is 10% (0.1), while the depreciation rate of capital

Suppose that the production function is given by y = 2k^1.5. Suppose that the savings rate is 10% (0.1), while the depreciation rate of capital is 0.5. What is the steady state level of capital? Round to two decimal paces.

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