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Consider the Solow growth model as given in the lecture notes using the Cobb-Douglas production function
Yt = AK1-αt Lαt
a) Set up the underlying nonlinear difference equation.
b) Compute the steady state value of capital.
c) Linearize the nonlinear difference equation around the positive steady state and determine its properties.
The power
A company is considering whether to enter a very competitive market. In case company decided to enter in market this must either install a new forging process or pay overtime wages
simple shapes
If PA and PB are tangents to a circle from an outside point P, such that PA=10cm and ∠APB=60 o . Find the length of chord AB.
Equivalent or Equal sets Two sets C and D are said to be equal whether every member of set C belongs to D and every member of set D belongs also to C.
A drug is administrated once every four hours. Let D(n) be the amount of the drug in the blood system at the nth interval. The body eliminates a certain fraction p of the drug duri
Decision making under uncertainty Various methods are used to make decision in circumstances whereas only the pay offs are identified and the likelihood of every state of natur
You know the experation for the area of a circle of radius R. It is Pi*R 2 . But what about the formula for the area of an ellipse of semi-minor axis of length A and semi-major
what''s it?
solve for x: logx9
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