Find the steady-state capital stock per worker

Reference no: EM13234705

given that an economy has the production function: Y=F(K,L)=K0.3L0.7.

Find the per-worker production function. Then, assuming that no population growth or technological progress occurs, find the steady-state capital stock per worker, output per worker, and consumption per worker as a function of the saving rate and depreciation rate.

Reference no: EM13234705

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