22 Jul WHAT IS THE MARGINAL PRODUCT OF CAPITAL IN THIS STEADY STATE?
Can we save too much? comsumption is equal to output minusinvestment : C= (1-S)y. in Show more NEED HELP Can we save too much? comsumption is equal to output minusinvestment : C= (1-S)y. in the context of the solow model with no technological progress what is the saving rate that maximizes steady state consumption per worker? What is the marginal product of capital in this steady state? show this point in a solow diagram. be sure to draw the production function on the diagram and show consumption and saving and a line indicating the marginal product of capital. can we save too much? Show less
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