Returns to Scale - Constant or Not?




Solutions
Part A - Growth Rates & Time to Double (Rule of 70)
Part B - Returns to Scale - Constant or Not?
Part C - Solow Growth Model - Solving for Steady State
Part D - Plugging in Numbers
Part E - Using the Solow Model and Diagram


(b) This is very similar to T/F problem 2 above. See Page 68 (of Jones Macro Econ Crisis Ed).

By method one – with the production function
 
  


By method two –with the production function









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