Solved: What saving rate is need to yield golden-rule capital stock, Microeconomics

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What saving rate is need to yield golden-rule capital stock

Problem

Suppose that the production function is Cobb-Douglas.

(a) Find expressions for k∗, y∗, and c ∗ as functions of the parameters of the model, s, n, δ, g, and α.

(b) What is the golden-rule value of k?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What saving rate is need to yield golden-rule capital stock

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