3. Show that the transition equation for k1 is:

k = __ k[s/(a - 1+(1 -0)](1-

(

1 ) 1/(1 - 11(1 -

a) I t 1 + n , t

= __ (sfi"- ) +(l-O)k(I- ))<1 - ¢)/[I-

(

1 ) 1/(1 -

l +n , , Find the steady state values for k1 and j 1

, and show that these are meaningful whenever

(1 + n) 1/(1 - 9'>> > (1 - o) (which we assume). Show also that the transition equation implies convergence to steady state.