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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.
draw a right angle isosceles triangle with 9 triangles in it
Properties of Dot Product - proof Proof of: If v → • v → = 0 then v → = 0 → This is a pretty simple proof. Let us start with v → = (v1 , v2 ,.... , vn) a
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Inverse Tangent : Following is the definition of the inverse tangent. y = tan -1 x ⇔ tan y = x for -∏/2 ≤ y ≤ ?/2 Again, we have a limi
what is 24 diveded by 3
Evaluate following limits. Solution Here the first two parts are actually just the basic limits including inverse tangents and can easily be found by verifying the fol
Need Solution Find (dy)/( dx) for; (i). y = x 7 (ii). y = x 2γ (iii). y = x -3 (iv). y = x
20 equations that equal 36
A piece of cardboard in the shape of a trapezium ABCD & AB || DE, ∠ BCD = 900, quarter circle BFEC is removed. Given AB = BC = 3.5 cm, DE = 2 cm. Calculate the area of remaining p
if one side of a square is increased 4 inches and an adjacement side is multiplied by 4, the perimeter of the resulting rectangle is 3 times the perimeter of the square. find the s
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