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2. An economy produces with the production function Y = 10K1/2L1/2. There is no population growth or technological progress. The depreciation rate is 10% and

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2. An economy produces with the production function Y = 10K1/2L1/2. There is no population growth or technological progress. The depreciation rate is 10% and the saving rate is 60% 951-99\"? {01 Show that the production function is constant returns to scale Show that the function can be written y = 10k\"2 where y = % and k = % Assume kg = 3025. Find kt+1, kt\

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