What are the capitals and labors shares of income

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Reference no: EM13838196

The production function. Y=K^5 (AN)^.5 , where both the population and the pool of labor are growing by rate n=.07, the capital stock is deprecciating at a rate of d= .03, and A is normalized to 1.

A. What are the capital's and labor's shares of income

B. What is the form of this production function?

C. Find the steady state values of k and y when s=.20

Reference no: EM13838196

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