Compute steady-state values of capital per worker
Output per worker yt = 4kt 1/3, the saving rate is 30 percent, and the depreciation rate is 13.3 percent. Calculate the steady-state values of capital per worker and consumption per worker.
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Given the following data for Good man Company, calculate (A) total manufacturing costs and (B) costs of goods manufactured:
Compute steady-state values of capital per worker and consumption per worker.
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